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In addition, the three Northeast Asian countries assented to the Association of Southeast Asian Nations to examine the practice of local currencies for regional trade settlements. During discussions at the annual meeting of the Asian Development Bank in Hanoi, the three finance ministers mentioned they helped enhancing the regional financial security net under the Chiang Mai Initiative Multilateralism program. The CMIM presents a pool of funds which can be tapped through currency swap deals. The CMIM set up a structure to yield liquidity to nations that are feeling misery from a financial crisis and the three Northeast Asian countries agreed on the urgency for it to be utilized pre-emotively when there are symbols of a awaiting crisis. However, the ministers said the details need to be ironed out at the working level.

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