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Renewal of ASEAN Swap Arrangement between ASEAN Central Banks and Monetary Authorities

Ref No : 10/17/04 13 Oct 2017 Embargo : For immediate release    

ASEAN Central Banks and Monetary Authorities have agreed to renew the memorandum of understanding (MoU) on the ASEAN Swap Arrangement (ASA) for another two years from 17 November 2017, providing a total of USD2.0 billion in financial support.

The ASA was established in 1977 and signifies a long-standing tradition in ASEAN financial co-operation. ASA is part of the regional initiatives to promote financial stability through the provision of short-term liquidity support for member countries which are experiencing temporary balance of payment difficulties.

Governor Muhammad bin Ibrahim signed the MoU today on behalf of Bank Negara Malaysia at the sidelines of the IMF-World Bank Annual Meetings in Washington.

Bank Negara Malaysia
13 Oct 2017

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