Indonesia, S.Korea c.banks renew bilateral local currency swap agreement

Kitco Media
By Reuters
Published:
Updated:
Reuters
JAKARTA, March 6 (Reuters) - Bank Indonesia and Bank of Korea have agreed to renew a bilateral local currency swap agreement for up to 115 trillion rupiah ($7.52 billion), the Indonesian central bank said in a statement on Monday. The new agreement will be in effect until March, 2026. ($1 = 15,289.0000 rupiah) (Reporting by Fransiska Nangoy Editing by Ed Davies)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.