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Korea: Currency swap fund due in March

Posted on 29 December 2009

From Koreaherald.co.kr: The government said yesterday Korea, China and Japan, and 10 member countries of the Association of Southeast Asian Nations have agreed to launch a $120 billion multilateral currency swap program, known as the Chiang Mai Initiative Multilateralization, on March 24, 2010.

The Ministry of Strategy and Finance said finance ministers and central bank governors of the 13 participating countries were finished signing on the CMIM by Dec. 24……………………………………Full Article: Source


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