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Bank Negara, Bank of Korea renew pact.
(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 …
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News wire article from: BERNAMA The Malaysian National News Agency
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Magazine article from: Business Times (Malaysia)
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700+ words
