Korea postpones currency swap decision

The Bank of Korea (BOK) postponed a decision Wednesday 15 June on a proposal to lend some of its foreign exchange reserves to domestic banks through currency swaps, the central bank said.

The central bank's policymakers were expected to approve the currency swaps at a meeting in the day as a way of managing its reserves more effectively and boosting South Korea's investment activity overseas.

The BOK said it had delayed a decision on the plan because it needs to be deliberated further.

Under the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: