What does chiang mai initiative mean?
Definitions for chiang mai initiative
chi·ang mai ini·tia·tive
This dictionary definitions page includes all the possible meanings, example usage and translations of the word chiang mai initiative.
Wikipedia
Chiang Mai Initiative
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. It draws from a foreign exchange reserves pool worth US$120 billion and was launched on 24 March 2010. That pool has been expanded to $240 billion in 2012.The initiative began as a series of bilateral swap arrangements after the ASEAN Plus Three countries met on 6 May 2000 in Chiang Mai, Thailand, at an annual meeting of the Asian Development Bank. After 1997 Asian Financial Crisis, member countries started this initiative to manage regional short-term liquidity problems and to avoid relying on the International Monetary Fund.
Numerology
Chaldean Numerology
The numerical value of chiang mai initiative in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of chiang mai initiative in Pythagorean Numerology is: 3
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"chiang mai initiative." Definitions.net. STANDS4 LLC, 2024. Web. 10 Jun 2024. <https://www.definitions.net/definition/chiang+mai+initiative>.
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