{
    "success": true,
    "data": {
        "id": 1524252,
        "msgid": "rp-thailand-renew-deal-1447893297",
        "date": "1997-02-18 00:00:00",
        "title": "RP, Thailand renew deal",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "RP, Thailand renew deal MANILA (AFP): The Philippines and Thailand have renewed a bilateral repurchase agreement aimed at defending their currencies against speculative raids, the Central Bank of the Philippines said yesterday.",
        "content": "<p>RP, Thailand renew deal<\/p>\n<p>MANILA (AFP): The Philippines and Thailand have renewed a<br>\nbilateral repurchase agreement aimed at defending their<br>\ncurrencies against speculative raids, the Central Bank of the<br>\nPhilippines said yesterday.<\/p>\n<p>The agreement, signed by Philippine Central Bank governor<br>\nGabriel Singson and his Thai counterpart Remgchai Marakanond,<br>\nwould provide both sides with a standby liquidity fund that could<br>\nbe put to use whenever either currency came under speculative<br>\nattack, it said in a statement.<\/p>\n<p>Under the agreement, each side could effectively borrow money<br>\nfrom the other by selling US Treasury holdings on the<br>\nunderstanding that they would be repurchased on a certain date at<br>\na set price.<\/p>\n<p>Manila has also signed similar agreements with China, Hong<br>\nKong, Indonesia, Japan, Malaysia and Singapore.<\/p>\n<p>The Philippines held record gold and dollar reserves worth<br>\nUS$11.97 billion as of the end of 1996, the statement said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rp-thailand-renew-deal-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}