Asia to set up Bellagio Group
Officials from the 10-member Association of Southeast Asian Nations, China, Japan and South Korea discussed the establishment of an Asian Bellagio Group (ABG), similar to Europe’s Bellagio Group -- formed in the 1960s to assess international monetary problems -- in Bangkok last week.
In a closed-door meeting on February 22, Asian central banks and finance officials reportedly met to discuss ways to bring about FX market stability and to combat the dollar’s weakness against regional currencies
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