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Finance ministers and central bank heads of the 10-member Association of Southeast Asian Nations (ASEAN) along with China, South Korea and Japan or the so-called ASEAN + 3 yesterday met in Manila for its 15th annual meeting and agreed to double the amount of the group’s regional currency swap pool, known as the Chiang Mai Initiative Multilateralisation (CMIM) to $240 billion from the current $120 billion.
                    [DatePublished] => 2012-05-04 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Iris Gonzales
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CHIANG MAI INITIATIVE MULTILATERALISATION

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Finance ministers and central bank heads of the 10-member Association of Southeast Asian Nations (ASEAN) along with China, South Korea and Japan or the so-called ASEAN + 3 yesterday met in Manila for its 15th annual meeting and agreed to double the amount of the group’s regional currency swap pool, known as the Chiang Mai Initiative Multilateralisation (CMIM) to $240 billion from the current $120 billion.
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Asean+3 to double Chiang Mai initiative safety net to $240B

By Iris Gonzales | May 4, 2012 - 12:00am

Finance ministers and central bank heads of the 10-member Association of Southeast Asian Nations (ASEAN) along with China, South Korea and Japan or the so-called ASEAN + 3 yesterday met in Manila for its 15th annual...

Business