BoK Extends Currency Swap Facility With Japan

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Tuesday, the Bank of Korea extended its currency swap facility worth US$20 billion with the Bank of Japan. The agreement is extended for the three months to April, which was originally scheduled to end on February 1. According to the Korean central bank, this measure will help to stabilize the regional financial markets. The won-yen currency swap line was increased in December 2008 to US$20 billion from US$3 billion.

Tuesday, the Bank of Korea extended its currency swap facility worth US$20 billion with the Bank of Japan. (Market News Provided by RTTNews)