According to the latest story carried by the Nikkei Asian Review, a Japanese newspaper, Asian finance leaders agreed to consider adding the Chinese Yuan and the Japanese Yen to their multilateral currency swap arrangement, Reuters reports.
Nikkei reported: “The addition of local currencies to the swap deal, known as the Chiang Mai initiative, “may be one enhancement option,” the finance ministers and central bank governors of Japan, China, South Korea and the Association of Southeast Asian Nations (ASEAN) said in a joint statement on Thursday.”
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