image description
image description
Tell A Friend

FinancialNews


  • 13-04-19

    UAE, S. Korea extend currency swap agreement

    (MENAFN) The United Arab Emirates (UAE) and South Korea were announced to have extended a currency exchange agreement valued at USD5,287 billion

    UAE central bank governor Mubarak Al Mansoori penned the renewal deal alongside the South Korean governor Lee Ju-yeol.

    Central banks of the two countries, as per the document, have the ability to swap as much as USD 5,375 billion for trade payment aid as well as more activities.

    This renewed agreement will be effective over a three-year period, with a window for another extension if the two sides decided to.

    MENAFN1304201900450000ID1098383818

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved