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S.Korea c.bank to collect $1.2 bln in FX loans
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S.Korea c.bank to collect $1.2 bln in FX loans
Reuters - Monday, November 2
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SEOUL, Nov 2 - South Korea's central bank said on Monday it would collect all the $1.2 billion in special foreign exchange loans it had extended to local banks when they mature later this week.
The Bank of Korea provided the foreign exchange loans to help ease a foreign-currency liquidity shortage at local banks, using a $30 billion currency swap line formed with the U.S. Federal Reserve.
The Bank of Korea will have an outstanding $1.85 billion in such loans owed by local banks after this week, it said in a statement.
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