"The document for the extension of the agreement was signed yesterday evening," BI Deputy Governor Perry Wirjiyo said on the sidelines of a working meeting with the House Budgetary Body here on Wednesday.
He added that the extension of the BSA was a follow-up step taken by BI to guarantee available foreign exchange reserves for partner countries, particularly when reserves are needed quickly.
BI has also signed a BSA extension with the Bank of Japan.
The agreed value in the BAS was US$12 billion, which went into effect on August 31, 2013.
Meanwhile, Executive Director of BI`s Communications Department, Difi A Johansyah, said that BI had adopted the policy as a stand-by measure to maintain its foreign exchange resilience.
"We need to take anticipatory steps in the face of uncertain global economic conditions in the future, including providing a guarantee on the adequacy of foreign exchange reserves," Difi said.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2013
