Implementation of the BOK National Pension Fund Currency Exchange… Limit of $10 billion by the end of the year

(Seoul = Yonhap Infomax) Reporter Oh Jin-woo = The National Pension Service and the Bank of Korea have signed a currency exchange contract.

The BOK announced on the 23rd that it has decided to sign an FX swap agreement with the National Pension Service within the limit of $10 billion by the end of this year.

The maturity of all Forex exchanges is 6 months or 12 months, and we have decided not to extend the maturity or roll over.

The BOK said, “The foreign exchange authorities and the National Pension Service intend to start trading as soon as the remaining timescales such as the signing of the contract are completed.”

jwoh@yna.co.kr
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This article was submitted at 15:50, two hours earlier on the Infomax financial information terminal.

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