Malaysia and South Korea renewed their bilateral currency swap deal for three years, allowing up to 5 trillion won or 15 billion ringgit exchange.
Malaysia and South Korea have renewed their bilateral currency swap deal for three years, allowing up to 5 trillion won (3.7 billion USD) or 15 billion ringgit (3.2 billion USD) exchange between their central banks. The agreement, initially signed in February 2020, aims to promote trade and enhance bilateral financial cooperation between the two nations. The deal can be extended by mutual agreement between the central banks.
May 13, 2024
6 Articles