SEOUL: South Korea's central bank said on Monday its currency swap agreement with Switzerland has been extended for another five years in a move aimed at "enhancing bilateral cooperation and facilitating the functioning of financial markets of the two" countries.
The renewed 10 billion Swiss francs ($11.05 billion) currency swap deal, which was first signed in 2018, will be effective from March 1 and could be extended again if agreed by both sides.
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!