Currency Swap
Picha iliyoundwa na AI
FX authorities, NPS agree to extend $65 billion currency swap deal
Imeripotiwa na AI Picha iliyoundwa na 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.