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Singapore and Indonesia renew US$10b currency pact

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Published Tue, Oct 8, 2019 · 09:50 PM

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    Singapore

    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 their currency in times of financial stress.

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