Bank of Korea to hold online auction to provide up to US$ 4 bil. to banks in short-term loans
- 4 years ago
한은, 한미 통화스와프 자금 4차분 공급...21일부터 40억달러 입찰
The Bank of Korea will supply its fourth round of dollar funding to local banks through the South Korea-U.S. currency swap arrangement that was reached last month.
The 60-billion-dollar currency swap with the Federal Reserve was made to prevent a foreign exchange liquidity crunch in South Korea.
The central bank will hold an online auction to provide up to four billion U.S. dollars in short-term loans in the coming hours.
Successful bidders will receive the loans on Thursday.
The Bank of Korea will supply its fourth round of dollar funding to local banks through the South Korea-U.S. currency swap arrangement that was reached last month.
The 60-billion-dollar currency swap with the Federal Reserve was made to prevent a foreign exchange liquidity crunch in South Korea.
The central bank will hold an online auction to provide up to four billion U.S. dollars in short-term loans in the coming hours.
Successful bidders will receive the loans on Thursday.