Question

The Chiang Mai Initiative is a multilateral currency swap arrangement among the the members of which organisation? ASEAN, BRICS, IMF, SAARC

Answer 1

Answer:

The Chiang Mai Initiative (CMI) is a multilateral currency swap arrangement among the ten members of the Association of Southeast Asian Nations (ASEAN), the People's Republic of China (including Hong Kong), Japan, and South Korea.

Explanation:

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Answer 2

The Chiang Mai Initiative is a multilateral Currency swal arrangements among the member of the Association called ASEAN,The peoples republic of China, Japan and South korea.

• CMI was launched on 24 March 2010.

• As of 16 October 2009 the network consisted of 16 bilateral among the ASEAN plus

• ASEAN maintain a global network of Alliances and dialogue partners and considered as a Powerhouse

• ASEAN was created on 8 August 1967.

• ASEAN has a combined GDP of 2.8 Trillion $

• ASEAN is the Fourth largest exporting region in the World.

• ASEAN is home to the 227 of the worlds largest Companies.