The Bank of Korea Provides the 4th Tranche of Korea-US Currency Swap Funds

[Asia Economy Reporter Kim Eunbyeol] The Bank of Korea announced on the 20th that it will supply part of the dollar funds secured through the Korea-US currency swap to the market for the fourth time. On the morning of the 21st, it will conduct a foreign currency loan auction with a total limit of 4 billion dollars targeting commercial banks, and the actual dollar supply will take place on the 23rd.

Previously, the Bank of Korea supplied a total of 15.16 billion dollars to the market through the first to third foreign currency loan auctions using the currency swap funds. Last month, the Bank of Korea signed a currency swap agreement worth 60 billion dollars with the US Federal Reserve (Fed).

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