On Thursday, Finance Minister Miftah Ismail said that the terms and conditions for refinancing of $2.3 billion deposit by Chinese banks (about RMB 15 billion) have been agreed.
“The terms and conditions for refinancing of RMB 15 billion deposit by Chinese banks (about US$ 2.3 billion) have been agreed. Inflow is expected shortly after some routine approvals from both sides,” the finance minister said in a tweet.
The minister added that the inflow will help shore up the foreign exchange reserves.