BoJ/MAS sign second swap agreement

NEWS

The deal, signed by the Minister of Finance of Japan and the Monetary Authority of Singapore (MAS) is the second such bilateral swap agreement (BSA) under the second stage of the Chiang Mai Initiative (CMI). It was signed on November 8, with the Bank of Japan (BoJ) acting as an intermediary.

The BSA, which is one of many signed around the region, will allow the monetary authorities of the two countries to swap their domestic currencies against US dollars. MAS can swap up to US$3 billion (up from

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