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Bank Indonesia & RBI: Agree to expand Cooperation in payments systems | Fintech InShorts: Latest fintech news, analysis by experts

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Bank Indonesia & RBI: Agree to expand Cooperation in payments systems

By Laura M

July 15, 2022

Bank Indonesia & RBI: Agree to expand Cooperation in payments systems

Bank Indonesia has one single overarching objective: to establish and maintain rupiah stability
BI and RBI signed an MoU on July 16, 2022, in Bali, Indonesia, on the sidelines of the G20 Finance Ministers
The MoU was signed by BI Deputy Governor Dody Budi Waluyo and RBI Deputy Governor Michael Debabrata Patra
With this MoU, BI and RBI committed to deepening relations between both central banks and strengthening the exchange of information
The MoU will be implemented through policy dialogue, technical cooperation, exchange of information, and joint work
The MoU will also provide a good basis for promoting mutual understanding, developing efficient payment systems