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Asian countries agree currency fund increase

Posted on 23 February 2009

From Radionetherlands.nl: The ten members of the Association of Southeast Asian Nations (ASEAN), together with Japan, China and South Korea, agree that a multi-billion euro credit fund should be increased from 60 billion to almost 95 billion euros.

The fund is intended to prop up the currencies of any of the 13 countries should they come under pressure. Most of the money will be provided by Japan, China and South Korea….. Full Article: Source


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