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(From Business Times (Malaysia))
BANK Negara Malaysia has renewed its bilateral swap arrangement agreement with the Bank of Korea for another three years.
The two-way swap arrangement (BSA) between the two central banks comes under the Chiang Mai Initiative. The previous agreement was signed on July 26 2002.
In a statement on its website, Bank Negara said the swap size of the arrangement has been increased from US$1 billion (US$1 = RM3.77) to US$1.5 billion. The initial amount that can be …