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Brief
"On 04/03/2025, the Reserve Bank of Australia issued an update regarding Bank Indonesia and Reserve Bank of Australia Renew the Bilateral Currency Swap Arrangement. The agreement was signed by Governor Perry Warjiyo and Governor Michele Bullock, enabling the exchange of local currencies up to AUD10 billion (USD6.2 billion) for five years. This renewal reflects the long-standing cooperation between BI and RBA, promoting bilateral trade and investment, financial stability, and economic development in both countries."
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