MAS, Bank Indonesia set up US$10 billion bilateral financial arrangement Read more at https://www.channelnewsasia.com/news/business/singapore-indonesia-central-bank-bilateral-financial-arrangement-10898936 (Updated: )
This financial arrangement will help to ensure financial stability and trade stability between Singapore and Indonesia - minus the risk of US currency fluctuation volatility and reduce the needs to hold US currency for trade.
No comments:
Post a Comment