Current Status of South Korea's Currency Swap Agreements... Total Exceeding 193.2 Billion Dollars

[Asia Economy Reporter Eunbyeol Kim] On the 19th, with the Korea-US currency swap agreement, the Bank of Korea has entered into currency swap contracts totaling over $193.2 billion.

According to the Bank of Korea, South Korea has bilateral currency swap agreements with eight countries: Canada (no pre-set limit), the United States ($60 billion), Switzerland (approximately $10.6 billion), China (approximately $56 billion), Australia (approximately $8.1 billion), Malaysia (approximately $4.7 billion), Indonesia (approximately $10 billion), and the United Arab Emirates (UAE, approximately $5.4 billion).

The multilateral currency swap (CMIM) agreement has been made with ASEAN+3 countries (totaling $38.4 billion, 13 countries).