Indonesia Seeks Bilateral Swap Deals With Two More Central Banks
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Indonesia said it is seeking bilateral swap agreements with two more central banks to protect its sliding currency.
The country may sign accords this quarter that will allow it access to more than $30 billion from new and existing swap lines, Finance Minister Chatib Basri told reporters in Jakarta today, declining to name the central banks. Indonesia may extend a bilateral swap agreement with China, Bambang Brodjonegoro, head of fiscal policy at the Finance Ministry, said today.