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S.Korea to provide $16 bln for trade financing
Reuters - 2 hours 7 minutes ago
SEOUL, Nov 13 - South Korea's central bank and the finance ministry plan to provide $16 billion foreign currency liquidity to help local exporters and importers ease dollar funding shortages, a regulator said on Thursday.
The Financial Supervisory Service said in a statement that the Bank of Korea would provide $10 billion to exporters for trade financials.
The Finance Ministry will offer another $6 billion.
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