Currency News

South Korea may consider new forex swap arrangements in wake of Brexit

South Korea's Vice Finance Minister Choi Sang-mok said on Friday (Jun 24) the government could possibly consider fresh currency swap arrangements in the wake of Britain voting to leave the European Union.

Another finance ministry official told Reuters shortly after the meeting of policymakers that foreign investment into South Korean bonds looked stable as of now.

Carnage came to global markets as results of an historic referendum showed Britain had voted to leave the EU, sending sterling on a record plunge and pummelling equities across the world.

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