You are here

Singapore and Indonesia renew US$10b currency pact

President Joko Widodo and PM Lee Hsien Loong at the Istana on Tuesday. Singapore has been Indonesia's top investor since 2014.


SINGAPORE and Indonesia announced the renewal of a US$10 billion currency pact, which will help support monetary and financial stability in the region.

Both countries will continue to have access to each other's currency as well as US dollars, to settle trades or defend...

Market voices on: