Currency swap bank liquidity swaps. South Korea and Indonesia signed a won-rupiah currency swap deal worth US$10 billion in October, 2013. The two nations can exchange up to 10.7 trillion won or 115 trillion rupiah for three years. The three-year currency swap could be renewed if both sides agree at the time of expiration. It is anticipated to promote bilateral trade and strengthen financial cooperation for the economic development of the two countries. The arrangement also ensures the settlement of trade in local currency between the two countries even in times of financial stress to support regional financial stability. As of 2013,
National Institute of Technology (Indonesia) Art and design. National Institute of Technology (Indonesia) The National Institute of Technology (, abbreviated as ITENAS), is a private, technology-oriented university located in Bandung, Indonesia. ITENAS was established in 1972 as the National Academy of Technology (, abbreviated as ATENAS) by the Dayang Sumbi Educational Foundation with R. Mansoer Wiratmadja as its first rector. ATENAS originally had four faculties, which focused on Architecture, Civil Engineering, Electrical Engineering, and Mechanical Engineering, respectively. In 1984, ATENAS became the National Institute of Technology, which currently has three faculties, namely the Faculty of Industrial technology, the Faculty of Civil engineering and Planning, and