An agreement to establish BI`s representative office in Beijing was jointly signed by BI Governor Agus Martowardojo and Central Bank of China Governor Zhou Xiaochuan.
In a written statement received here on Friday, Martowardojo remarked that the agreement is an important follow-up to the bilateral cooperation between the two central banks.
The agreement is also in line with the growing importance of China`s role in the global and regional economies, including Indonesia.
"The presence of BI`s representative office in Beijing is expected to further optimize the economic and financial relations between the two countries and improve understanding of China`s economic and financial developments and policies as well as its implications for Indonesia," the BI governor explained.
Martowardojo pointed out that the establishment of BI`s representative office in Beijing will further strengthen the sound cooperation between BI and the Central Bank of China, or the People`s Bank of China.
"The BI representative office will also play an important role as a key point of contact with the People`s Bank of China, other Chinese government agencies, and financial market players in China," he noted.
According to Martowardojo, BI`s representative office in Beijing is the fifth overseas representative office established by BI apart from those currently in Tokyo, Japan; Singapore; London, England; and New York.
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