Central Banking

Industry praises expansion of South Korea’s currency swap arrangements

korea-won

Bank of Korea governor Kim Choongsoo on Wednesday held a meeting with senior executives of large enterprises from key industries, as part of the central bank's plan to strengthen its efforts in communicating with "economic agents".

During the gathering, the attendees applauded the expansions in Korea's currency swap arrangements with Japan and China, saying they would contribute to foreign exchange market stability, combating the heightened volatility of the won/dollar exchange rate. The currenc

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