JAKARTA. Government decided to extend the Bilateral Currency Swap Agreement (BCSA) with China until 2019. The extension is expected to strengthen Indonesia resilience in anticipating potential external fluctuation that may drive capital outflow. Governor of Bank Indonesia, Agus Martowardojo said that Indonesia has signed BCSA with China in 2013. The agreement was initialy scheduled to expire this year, and to be extended until 2019. “Both countries still need the agreement," Agus told KONTAN on Wednesday (7/9).
Govt to extend currency swap agreement with China
JAKARTA. Government decided to extend the Bilateral Currency Swap Agreement (BCSA) with China until 2019. The extension is expected to strengthen Indonesia resilience in anticipating potential external fluctuation that may drive capital outflow. Governor of Bank Indonesia, Agus Martowardojo said that Indonesia has signed BCSA with China in 2013. The agreement was initialy scheduled to expire this year, and to be extended until 2019. “Both countries still need the agreement," Agus told KONTAN on Wednesday (7/9).