“With this MoU, reserve Bank of India And BI is committed to deepen ties between the two central banks and strengthen information exchange and cooperation in the areas of central banking, including payment systems, digital innovation in payment services and regulatory and supervisory for AML-CFTs. structure is included. a statement.
The MoU will be implemented through policy dialogue, technical cooperation, information exchange and joint work.
It was signed by RBI Deputy Governor Michael Debabrata Patra and BI Deputy Governor Dodi Budi Valuyo in the presence of RBI Governor Shaktikanta Das and BI Governor Perry Varjio.
“This MoU serves as an important milestone in the relationship between Bank Indonesia and the Reserve Bank of India. It has been a long time since we have started cooperating productively, and this MoU will be extended further in the future. Will ensure more solid cooperation.
“Going forward, I am confident that such an excellent partnership will lead to meaningful results that will benefit central banks and the people of both countries,” Governor Varzio said.
RBI Governor Shaktikanta Das said that “this MoU is a step forward towards putting our joint efforts within a formal mechanism.”
He also expressed the hope that “going forward, the MoU will enable us to further deepen our ties and facilitate our endeavor to make our financial systems accessible, inclusive and secure.”
RBI further said that the MoU will provide a good basis for promoting mutual understanding, developing efficient payment systems and achieving cross-border payment connectivity.
Such initiatives, it said, would be implemented through regular dialogue on recent economic and financial developments and issues; technical cooperation through training and joint seminars; and joint work to explore the establishment of cross-border retail payment linkages.