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Bilateral Currency Swap Agreement Indonesia

– A bilateral local currency swap agreement (LCBSA) is a common form of bilateral financial cooperation between central banks. Under such an agreement, a central bank may obtain a foreign currency from another central bank in exchange for the national currency at the prevailing exchange rate, with the agreement to cancel the transaction at the same exchange rate on a given maturity date. The agreement shall be valid for three years and may be renewed by mutual agreement. The two central banks also signed a cooperation agreement for the development of payment systems and digital financial innovation. . . .

About David Hayden

Restaurant industry professional helping small restaurants with their training, operations, and marketing needs. Author of Tips2: Tips For Increasing Your Tips and Building Your Brand With Facebook. You can also visit my other websites and blogs at: http://www.tips2book.com http://www.restaurant-marketing-plan.com http://www.themanagersoffice.com http://www.tipssquared.com http://www.foodieknowledge.com http://www.restaurantlaughs.com http://www.tipsfortips.wordpress.com

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