Philippines, Japan renew bilateral swap arrangement
MANILA, Jan. 6 (Xinhua) -- The Philippines and Japan have renewed their Bilateral Swap Arrangement (BSA) effective on Jan. 1, 2025, the Philippine central bank said Monday.
The Bank of Japan, acting as an agent for the Minister of Finance of Japan, and the Bangko Sentral ng Pilipinas (BSP) signed the Fourth Amendment and Restatement Agreement of the Third BSA.
The BSA is a two-way arrangement in which bot