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,
Indonesia National Science Olympiad seen in the competition as dominant participants, oftentimes sending the largest delegations of students. Indonesia National Science Olympiad The Indonesian National Science Olympiad (Indonesian: "Olimpiade Sains Nasional") is a science competition for Indonesian students held by the Indonesian Ministry of Education and Culture. This Olympiad consists some competitions for elementary school (SD) students, junior high school (SMP) students, and senior high school (SMA) students. The competition pits students from the thirty-four provinces of Indonesia, and winners of the competition are further selected to represent Indonesia in their respective subjects' International Science Olympiad. In addition, Indonesian public universities are required to