SEOUL: The Bank of Korea will provide US$12bil to banks in its first round of dollar injections using a currency swap line with the Federal Reserve.
The auction will be held tomorrow at 10 am Seoul time, and banks may apply for seven-day debt of up to US$300mil, and 84-days debt of up to US$1.5bil, the central bank said in a statement. The minimum bidding rate will be decided today.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!