RoK, Indonesia agree to extend currency swap deal to 2020
The Republic of Korea and Indonesia have agreed to extend a currency swap deal for another three years as part of efforts to strengthen bilateral financial cooperation.
Illustrative image (Source: Yonhap News Agency)Hanoi (VNA) – The Republic of Korea
(RoK)’s Ministry of Strategy and Finance said on March 6 that the country and
Indonesia have agreed to extend a currency swap deal for another three years as
part of efforts to strengthen bilateral financial cooperation.
The new 11 trillion won (9.54 billion USD) deal came into effect on March 6 and expires in 2020, the Yonhap News Agency reported.
The currency agreement is to promote bilateral trade and bolster financial cooperation between the two countries, said the ministry.
To date, the RoK has currency swap deals with China, Malaysia, Australia and Indonesia. Seoul has discussed with the United Arab Emirates to renew their swap arrangement.-VNA
The new 11 trillion won (9.54 billion USD) deal came into effect on March 6 and expires in 2020, the Yonhap News Agency reported.
The currency agreement is to promote bilateral trade and bolster financial cooperation between the two countries, said the ministry.
To date, the RoK has currency swap deals with China, Malaysia, Australia and Indonesia. Seoul has discussed with the United Arab Emirates to renew their swap arrangement.-VNA
You should also see
Vuong Dinh Hue permitted to cease holding positions, working
The 13th Party Central Committee on April 26 agreed to let Vuong Dinh Hue cease holding the positions of Politburo member, member of the 13th Party Central Committee, and Chairman of the 15th National Assembly (NA) in the 2021 - 2026 tenure.
See more
World
Indonesia's first thermal power plant stops operating
Indonesia's Ministry of Maritime Affairs and Fisheries (MMAF) has held a press conference to inform about the country’s progress in the early decommissioning of the Cirebon-1 thermal power plant.
World
Thai central bank intervenes to stabilise currency
The Bank of Thailand (BoT) said it has intervened in currency markets at times to ease any excessive moves in the THB, adding that the current policy rate is robust and conducive to economic recovery, reported the Bangkok Post.
World
Vietnam appeals for maximum self-restraint, end to hostilities in Middle East
A representative of Vietnam appealed to all the parties concerned to exercise maximum self-restraint and to end hostilities, while addressing a United Nations Security Council (UNSC) open debate on the Middle East and Palestine situation on March 25.
World
Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) has reported.
World
Thailand expects wave of tourists during Golden Week
The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.
