Arab Today, arab today south korea in talks with more countries over currency swap deals
Last Updated : GMT 03:02:41
Arab Today, arab today
Arab Today, arab today

South Korea in talks with more countries over currency swap deals

Arab Today, arab today

Arab Today, arab today South Korea in talks with more countries over currency swap deals

Seoul - Yonhap

South Korea is in talks with a few more countries for currency swap deals, the country\'s finance minister said Saturday, following the Seoul government\'s announcement that it will soon sign a currency swap contract with Indonesia. \"Currently, there are some more countries with which we are in talks over currency swap lines,\" Finance Minister Hyun Oh-seok told reporters in Washington. He is there to attend the annual meetings of the International Monetary Fund and the World Bank. Hyun did not name countries but said that they include those with which Korea has a large amount of trade, including imports of natural resources. His remarks came hours after the government announced that it has reached an agreement with Indonesia to sign a won-rupiah currency swap contract worth US$10 billion, adding that the official signing will come \"sooner or later.\"  The government said that the currency swap with Indonesia will strengthen bilateral economic and financial cooperation. It will also be used to settle payments linked to trade down the road, it noted. A currency swap is a tool to defend against financial turmoil by allowing a country beset by a liquidity crunch to borrow money from others with its own currency. The Seoul government has been recently seeking to utilize currency swap deals with other countries to settle payments for trade in a bid to reduce its dependency on the U.S.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea in talks with more countries over currency swap deals Arab Today, arab today south korea in talks with more countries over currency swap deals

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea in talks with more countries over currency swap deals Arab Today, arab today south korea in talks with more countries over currency swap deals

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday