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SOUTH KOREA AND CHINA RENEW CURRENCY SWAP DEAL TO ALLEVIATE SHORTFALL AMIDST PANDEMIC

Published On 08 Oct 2020 10:40 AM


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  • South Korea and China have agreed to stretch their bilateral currency swap agreement, the Bank of Korea (BOK) said Thursday, in a move to realize easing a potential currency liquidity crunch amid the new coronavirus outbreak.
  • South Korea’s central bank said on Thursday it has agreed to renew a currency swap agreement with China, adding details including the extension period and size will be disclosed later.
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Tags : Won-Yuan swap deal, 64 trillion won, BoK, THAAD, US Anti-Missile System,
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