Selangor Journal
An employee counts Indonesian rupiah banknotes at a currency exchange office in Jakarta, Indonesia, on October 23, 2018. — Picture by REUTERS

Indonesia, Malaysia central banks renew local currency swap arrangement

JAKARTA, Sept 27 – The central banks of Indonesia and Malaysia on Tuesday renewed a local currency bilateral swap arrangement up to 28 trillion rupiah (US$1.85 billion), according to a joint statement.

The facility is effective for three years, the statement added.

(UD$1 = 15,120.0000 rupiah)

— Reuters

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