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India and Indonesia on Saturday agreed to coordinate payment systems in the G20. The two countries signed a Memorandum of Understanding (MoU) in Bali on the sidelines of the meeting. It collaborated on a number of issues including payment systems and preventing terrorist funding.
RBI said in a statement that the Reserve Bank of India and Bank Indonesia (BI) agreed to an agreement to improve mutual cooperation between the two central banks during the G20 Finance Ministers and Central Bank Governors meeting in Bali, Indonesia on July 16, 2022. Memorandum of Understanding (MoU) has been signed.
Reserve Bank of India and Bank Indonesia Agree to Expand Cooperation in Payment Systems, Digital Financial Innovation, and Anti Money Laundering and Combating the Financing of Terrorism (AML-CFT)https://t.co/LkVmWU0mRW pic.twitter.com/6gkgVBjwNe
— ReserveBankOfIndia (@RBI) July 16, 2022
Reserve Bank of India Deputy Governor Michael Debabrata Patra and BI Deputy Governor Dodi Budi Valuyo signed the MoU in the presence of RBI Governor Shaktikanta Das and BI Governor Perry Varjio.
According to the statement, the MoU will be implemented through policy dialogue, technical cooperation, information exchange and joint work.
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