Asean members sign new swap agreement

The 10 Asean members signed a new Asean Swap Arrangement (ASA) in November, providing a total of US$1 billion of financial support, said Bank Negara Malaysia in a statement on Dec 29, 2000. A new Memorandum of Understanding (MOU) on the ASA was formalised to expand the membership of the ASA to all the 10 Asean members' central banks/monetary authority, the Malaysian central bank said.

The MOU was formalised with the consensus of all the Governors of the Asean central banks, managing director o

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