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S. Korea and China agree to extend currency swap deal Updated: 2017-10-13 10:43:43 KST

After a few days of will they or won't they, South Korea and China have agreed to continue their 56 billion U.S. dollar currency swap deal.
On Thursday night local time, at the G20 Finance Ministers and Central Bank Governors meeting in Washington, Bank of Korea Governor Lee Ju-yeol and Finance Minister Kim Dong-yeon informed reporters that Seoul and Beijing had signed an agreement to extend the currency swap deal for another 3 years.
The agreement accounts for some 46-percent of Korea's total value of currency swap deals it has with foreign countries.
The deal had already been expanded to the current 56 billion dollars and extended twice since it began in 2009.
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