Enhancing Regional Payment Connectivity Across ASEAN+3 Economies
April 17, 2025
By enabling payments in local currencies, the RPC initiative eliminates unnecessary steps, reducing both costs and transaction time.
April 17, 2025
By enabling payments in local currencies, the RPC initiative eliminates unnecessary steps, reducing both costs and transaction time.
October 11, 2024
AIIB and AMRO signed a MOU to enhance cooperation aimed at fostering regional macroeconomic resilience and sustainable development.
October 16, 2024
AMRO and SUFE signed a MOU to enhance cooperation in knowledge sharing and capacity development, with the aim to contribute to the macroeconomic and financial resilience and stability of the ASEAN+3 region.
May 3, 2013
We, the Finance Ministers and Central Bank Governors of ASEAN, China, Japan and Korea (ASEAN+3), convened our 16th meeting in Delhi, India, under the co-chairmanship of H.E. Pehin Dato Abd Rahman Ibrahim, Minister of Finance II at the Prime Minister’s Office of Brunei Darussalam, and H.E. Zhu Guangyao, Vice Minister of Finance of the People’s Republic of China.
May 3, 2012
We, the Finance Ministers and Central Bank Governors of ASEAN, China, Japan and Korea (ASEAN+3), convened our 15th meeting in Manila, the Philippines, under the cochairmanship of H.E. Keat Chhon, Deputy Prime Minister and Minister of Economy and Finance of the Kingdom of Cambodia, and H.E. Bahk, Jaewan, Minister of Strategy and Finance of the Republic of Korea.
May 28, 2024
The recent influx of investments into Johor provides a hint of optimism. Johor emerged as the top investment destination in Malaysia in 2022 and came in fourth last year, after Penang, Kuala Lumpur and Selangor.
December 27, 2021
In April 2011, when AMRO was established, the world had just emerged from the global financial crisis. Back then, the ASEAN+3 member economies of the 10 ASEAN nations, plus China; Hong Kong, China; Japan and Korea got together to form a dedicated and independent surveillance unit to safeguard the macroeconomic and financial stability of the region.
January 30, 2019
Under the Bretton Woods system established in 1944, the U.S. dollar was made the global reserve currency convertible to gold, underlining post war U.S. economic dominance. Even after the Nixon shock that ended US$-gold convertibility and triggered the collapse of the Bretton Woods system in early 1970s, the U.S. dollar has remained the dominant currency for denominating trade and investment globally, including within East Asia.The dominance of the US$ is not just limited to trade and investment between the U.S. and its trading and investment partners, but also in transactions among third parties in which the U.S. is not involved, including within East Asia. For example, in 2017, 66.3% of Thai export to the EU was denominated in US$, a currency that was neither a local currency for the EU or Thailand. Similarly, 58.5% of Thai export to Japan was denominated in US$.
November 6, 2020
Since our establishment in 2011, forging ties and deepening collaboration has been a cornerstone of AMRO’s work program.
October 12, 2017
The ASEAN+3 Macroeconomic Research Office (AMRO), the European Stability Mechanism (ESM), and the Fondo Latinoamericano de Reservas (FLAR) convened the Second High-level RFA Dialogue on 11 October 2017 in Washington, D.C.