ASEAN plans to set up monetary fund
The Association of Southeast Asian Nations (ASEAN) is taking steps to revive the idea of creating its own monetary fund.
Keyword: "Chiang Mai Initiative"
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🍎 ASEAN+3 discuss cooperation in response to financial crises
Finance chiefs of the 10 ASEAN nations and Japan, China, and the Republic of Korea (ASEAN+3) met in Fiji on May 2 to discuss the enhancement of cooperation in times of financial crisis, including expanding the currency swap agreement between them.