Asian currency swap idea 'acceptable'-Manila c.bnk

The Philippines is basically happy with the concept of an Asian web of currency swaps aimed at fending off future financial crises and is forging ahead with discussions on terms, deputy central bank governor Amando Tetangco said on Mar 9, 2001.

"I think in our case...the guiding principles, the major principles are acceptable to us," Tetangco told reporters. Asked if the Philippines was generally happy with the scheme in its present form, Tetangco said: "The general structure and the guiding p

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