PDA

View Full Version : Asia Agrees on Expanded $120 Billion Currency Pool - Bloomberg



NewsWhore
02-22-2009, 06:41 AM
<img alt="" height="1" width="1">
Asia Agrees on Expanded $120 Billion Currency Pool (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaJfrsvG7Qw0k%26refer%3Dasia&cid=1306362949&ei=djqhSYCpN4HcNqjhjI0M&usg=AFQjCNGkxRmi38PHP9wiWnqKsxulRe9ICg)
Bloomberg
22 (Bloomberg) -- Japan, China, South Korea and 10 Southeast Asian nations agreed to form a $120 billion pool of foreign-exchange reserves that can be used by countries to defend their currencies amid the deepening global recession. ...


More... (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaJfrsvG7Qw0k%26refer%3Dasia&cid=1306362949&ei=djqhSYCpN4HcNqjhjI0M&usg=AFQjCNGkxRmi38PHP9wiWnqKsxulRe9ICg)