(Eagle News) — A stronger currency swap among member countries of the Association of Southeast Asian Nations (ASEAN) took effect on Tuesday, June 23, which would enably the Philippines to borrow up to $22.76 billion from the facility as a signatory to this, the Department of Finance said. The amended Chiang Mai Initiative Multilateralization (CMIM) agreement took effect Tuesday “offering a stronger currency swap arrangement and financial safety net” among ASEAN member-states and their partner-economies […]