The BCSA is an extension of the previous arrangement valued at CNY 100 billion/IDR 175 trillion between Bank Indonesia and the People’s Bank of China. The arrangement will run for three years and can be extended when agreed by both parties.

The BCSA is expected to boost trade and direct investment between Indonesia and China, bolster short-term liquidity availability in order to stabilize financial markets and meet other mutually beneficial aims of both signatories. Agus Martowardojo also believes that such cooperation between central banks will increasingly build market confidence in the economic fundamentals of Indonesia.

Jakarta, 2 October 2013
Communication Department
Bank Indonesia

Difi A. Johansyah
Executive Director