Bank Indonesia, Bank Negara Malaysia Agree to Renew Bilateral Swap Agreement
Indonesian central bank Bank Indonesia (BI) and Bank Negara Malaysia have agreed to renew the local currency bilateral swap arrangement (LCBSA) of up to RM8 billion or Rp28 trillion on September 23, 2022. The LCBSA renewal is expected to strengthen financial cooperation between the two central banks. “Bank Indonesia believes that the LCBSA renewal will […]