Singapore, 15 July 2004...The Monetary Authority of Singapore (MAS) today chaired the 9th Executives' Meeting of East Asia-Pacific Central Banks (EMEAP1) Governors meeting.
2. EMEAP Governors' Meetings have been held on an annual basis since EMEAP's establishment in 1996. This is the first time the meeting is held in Singapore. The Governors had a useful exchange of views and discussions on recent economic and financial developments in the region.
3. Tomorrow (16 July, 2004), the Governors will meet Mr Jean Claude Trichet, President of the European Central Bank and Governors from the Eurosystem National Central Banks2 at the EMEAP-Eurosystem High Level Seminar.
4. The seminar will discuss economic issues that are relevant to both regions, including the emergence of East Asia in the global economy, the role of international currencies as well as initiatives to enhance inter-regional cooperation. "This is the first time EMEAP Governors are meeting the President of the European Central Bank and Governors from the Eurosystem National Central Banks. MAS is pleased to host the seminar" said Mr Koh Yong Guan, Managing Director, Monetary Authority of Singapore.
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For media enquiries, please contact:
Christina Tan
Deputy Director (Communications)
Tel : 6229-9352 Fax : 6227-0705
Email : christina@mas.gov.sg
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1 The EMEAP Group comprises eleven central banks and monetary authorities in the East Asia and Pacific region (Australia; People's Republic of China; Hong Kong, SAR; Indonesia; Japan; Korea; Malaysia; New Zealand; Philippines; Singapore and Thailand).
2 The Eurosystem comprises the European Central Bank and the twelve national central banks of the euro area, i.e. the national central bank of Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal and Spain.
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