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Philippine Star
Philippine Star
Lawrence Agcaoili – The Philippine Star January 21, 2022 | 12:00am MANILA, Philippines — The Philippines is eyeing more agreements for a two-way facility allowing the swap of local currencies in exchange for much needed dollars as talks with China has been put on hold, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the country recently signed an agreement with Japan to extend the validity of a bilateral swap arrangement (BSA) until the end of 2024. The size of the BSA remains unchanged at up to $12 billion or its equivalent in Japanese yen for the Philippines a…