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-Indonesian and South Korean central banks renew currency swap agreement

Mar 7, 2017 - Global Banking News

Global Banking News - 07 March 2017

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The facility is to run for three years initially.

The swap arrangement is expected to promote trade and financial cooperation between the two countries, Bank Indonesia (BI) said. The arrangement will allow the two central banks to exchange local currencies of up to KRW10.7tn or IDR115tn.

The central banks of Indonesia and South Korea have renewed their currency swap agreements.

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