BI signed "bilateral swap agreement" with Japan
Bank Indonesia (BI) has signed Bilateral Swap Arrangement (BSA) with the Bank of Japan is acting as an agent of the Ministry of Finance Japan on December 12, 2013.
Based on the information in the pages of BI on Friday, the deal reinforces the BSA current modality is through an increase in the value of the swap amounted to 22.76 billion U.S. dollars, or nearly double the previous value of 12 billion U.S. dollars.
The agreement also provides crisis intervention scheme to support the liquidity needs of potential and / or actual.
Japanese and Indonesian authorities of the view that strengthening bilateral financial cooperation will contribute to the stability of financial markets and encourage the growth of bilateral cooperation in economy and trade.
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