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

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.