Asia ups regional co-operation
MANILA - The Asian Development Bank (ADB) has accepted the Philippine peso and Taiwan dollar into the Asian Currency Note Programme (ACNP), in a bid to make the regional bond markets more liquid.
"We have issued both PHP bonds and NTD bonds in the past, but with both currencies joining the programme it will allow us to tap the markets as and when opportunities arise without the need to seek new approvals for each and every issue," said ADB treasurer Mikio Kashiwagi in Manila.
ACNP was launched
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