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INDONESIAN, S. KOREAN CENTRAL BANKS SIGN SECOND SWAP AGREEMENT.

AsiaPulse News

| January 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

JAKARTA, Jan 1 Asia Pulse - The Bank of Korea and Bank Indonesia have signed a second bilateral swap arrangement (BSA), allowing the two countries to secure short-term loans from each other through a rupiah-for-dollar or won-for-dollar swap to a maximum value of US$2 billion.

Under the agreement, both countries can use the swap facilities when they need short-term liquidity, Bank Indonesia said in a statement issued on Friday.

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