Media Release Bilateral Local Currency Swap Agreement with the Bank of Japan

The Reserve Bank of Australia has signed a bilateral local currency swap agreement with the Bank of Japan, effective as of 18 March, 2016. This agreement is designed to enhance the financial stability of the two countries, allowing for the exchange of local currencies between the two central banks of up to AUD 20 billion or JPY 1.6 trillion. The effective period of the facility will be until 17 March 2019.


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