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Japan, South Korea let more currency swaps expire

Posted on 25 June 2013

Japan and South Korea agreed to end part of their currency swap contract next month as scheduled, reducing its overall size to $10 billion from $13 billion, the Finance Ministry said Monday.
The two countries “have reached the conclusion that they will not extend the term of yen-won swaps between their central banks worth $3 billion, which will expire July 3,” the ministry said………………………………………..Full Article: Source


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