| The currency swap between South Korea and Japan will likely resume in the coming months as the two countries’ finance ministers reached a consensus on Saturday to promptly start negotiations on the bilateral financial pact.
The two countries’ previous currency swap deal expired in February 2015. The new swap is designed to prepare for currency volatility arising from negative external factors - effectively acting as a buffer against sharp currency swings. A currency swap is an accord between two parties to exchange one currency for another at a specific rate in a bid to use the foreign currency to ease volatility in the market...............................................Full Article: Source
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