Asian countries agree currency swap network

ASIA - Asia's leading governments have put the finishing touches to plans for a network of currency swap arrangements to guard against a repeat of the 1997 regional economic crisis as concerns of a new global slowdown grow.

Finance ministers from Japan, China, South Korea and the 10 countries of the Association of South East Asian Networks (ASEAN) met in Malaysia on Apr 7-8, 2001 and agreed to link the network of currency swaps between Asean and the three north Asian governments to International

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