RI, Kazakhstan sign banking deal

RI, Kazakhstan sign banking deal

JAKARTA (JP): Commercial banks in Indonesia and Kazakhstan can
now arrange banking transactions and exchange information under a
banking agreement signed here to support economic cooperation
between the two countries, the central bank announced yesterday.

"The agreement on banking arrangements by representatives of
the two countries' central banks here last Friday provides
general guidelines on making transactions and exchanging
information and data between commercial banks of the two
nations," Bank Indonesia released in a statement yesterday.

It said the agreement was signed by a Bank Indonesia director,
Boediono, and first deputy chairman of the National Bank of
Kazakhstan Uraz Alyevich Dzhandosov, who was here to accompany
the state visit of Kazakhstan President Nursultan Nazarbayev.

The statement said the banking arrangement is expected to
support trade and investment relations between the two nations.

Minister of Trade Satrio B. Joedono said Friday that he would
lead a delegation of businessmen to Kazakhstan next month to
promote trade and investment ties between the two countries.

After a bilateral meeting here last Friday, Nazarbayev and
President Soeharto agreed to boost economic cooperation between
the two nations and to encourage their private sectors to
actively take part in the cooperation.

Indonesia has thus far signed banking arrangement agreements
with a number of countries, including Iran, Iraq, Rumania,
Turkmenistan, Bulgaria, Russia and Hungary. (riz)