[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Byeongyeon Yoo staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.tioned.
South Korea and Switzerland agreed on a $10.6 billion currency swap deal that would enabl the two countries to provide liquidity in each other’s currencies in times of crises.
The Bank of Korea said on Friday the two states would formally sign the deal on Feb. 20 in Zurich, with the agreement to take effect Mar. 1.
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Have a nice day.