Bank of Korea Governor Kim Choong-soo says Korea should sign more currency swap deals with other countries.
At a meeting with presidents of several domestic banks on Friday, Kim said the nation's recent currency swap deals represent just a small step towards internationalizing the Korean won.
He said Korea should follow the footsteps of China,… which has currency swap deals with 23 countries.
Korea recently signed and agreed to three currency swap deals -- with the United Arab Emirates, Malaysia and Indonesia.
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