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{"id":108250,"date":"2021-03-01T00:44:30","date_gmt":"2021-03-01T00:44:30","guid":{"rendered":"https:\/\/fin2me.com\/?p=108250"},"modified":"2021-03-01T00:44:30","modified_gmt":"2021-03-01T00:44:30","slug":"s-korea-switzerland-agree-to-extend-currency-swap-agreement-for-5-yrs","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/s-korea-switzerland-agree-to-extend-currency-swap-agreement-for-5-yrs\/","title":{"rendered":"S.Korea, Switzerland agree to extend currency swap agreement for 5 yrs"},"content":{"rendered":"

SEOUL, March 1 (Reuters) – South Korea\u2019s central bank said on Monday its currency swap agreement with Switzerland has been extended for another five years in a move aimed at \u201cenhancing bilateral cooperation and facilitating the functioning of financial markets of the two\u201d countries.<\/p>\n

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.<\/p>\n

South Korea has signed currency swap deals worth around $196 billion with more than eight countries including the United States, China and Canada.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"