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 of

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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