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The agreement allows for the exchange of local currencies between the two central banks of up to 15 billion Singapore dollars ($10.53 billion) or 1.1 trillion yen, the MAS said.
The swap agreement is effective as of Wednesday for a term of three years, it added.
($1 = 1.4248 Singapore dollars)
($1 = 112.7100 yen)
(Reporting by Masayuki Kitano; Editing by Kim Coghill)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)