Currency Swap

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South Korean FX officials and NPS extend $65B currency swap deal amid won's weakening, stabilizing forex market.
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FX authorities, NPS agree to extend $65 billion currency swap deal

Rapporteret af AI Billede genereret af AI

South Korea's foreign exchange authorities have agreed with the National Pension Service to extend their $65 billion currency swap deal by one year. The arrangement, set to run through the end of 2026, aims to stabilize the forex market. This move comes amid recent weakening of the won against the U.S. dollar.

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