Technology, Consumer Discretionary Jan 27, 2022 05:09 PM (GMT+8) · EqualOcean
With the approval of the State Council, the people's Bank of China and the Bank of Indonesia recently renewed the bilateral local currency swap agreement, with a swap scale of 250 billion yuan / 550 trillion Indonesian rupees. The agreement is valid for three years and can be extended with the consent of both sides. The renewal of the bilateral local currency swap agreement between China and Indonesia will help further deepen the monetary and financial cooperation between China and Indonesia, promote the facilitation of bilateral trade and investment, and maintain the stability of the financial market.

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