The Bank of Korea has signed a bilateral KRW/AED swap arrangement with Central Bank of the United Arab Emirates.
According to Bank of Korea, the effective period of the facility will be 3 years, and could be extended by agreement between the two sides.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Worth of up to 5.8 trillion KRW/ 20 billion AED, the agreement will promote bilateral trade and further strengthen financial cooperation between the two countries.
Both the banks believe that this deal will contribute to economic and financial market developments in both countries.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
