The Bank of Korea and the Federal Reserve System of the United States have extended the current US-Korea currency swap agreement by six months.
Although the global dollar market and the domestic foreign exchange market have been stabilizing recently, the uncertainty due to Corona19 still persists.
Han Eun expected that this extension of the maturity measures would contribute to the stabilization of the financial markets as well as the domestic foreign exchange market.
On March 19, Korea-US signed a currency swap contract worth US$60 billion and US$76.8 billion.
(Photo = Yonhap News)
Decision to extend Korea-US currency swap for 6 months
2020-07-29T18:58:31.985Z
The Bank of Korea and the Federal Reserve System of the United States have extended the current US-Korea currency swap agreement by six months. Although the global dollar market and the domestic foreign exchange market have been stabilizing recently, the uncertainty due to Corona19 still persists.
Source: sbskr