BOJ, RBA sign bilateral local currency swap agreement
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[TOKYO] The Bank of Japan said on Friday it had signed a bilateral local currency swap agreement with the Reserve Bank of Australia, aimed at enhancing the financial stability of the two nations.
The agreement, effective for three years beginning Friday, allows for the exchange of local currencies between the two central banks of up to A$20 billion (S$20.72 billion) , or 1.6 trillion yen, the Japanese central bank said in a statement on its website.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
