Live
- I don't want to disrespect anyone with my films: Anurag Palutla
- Myntra's Big Fashion Festival to kick off on Sep 26 with 3.4 mn trend-first festive fashion styles
- World Barber's Day Celebrated by Nayi Brahmin Community in Aiza.
- Santosh Kashyap appointed as new head coach of Indian women's football team
- CP Sudheer Babu Makes Surprise Visit to Medipally Police Station
- Fashionista Goodapati Pravallika Inaugurates D sons patola art Expo at Banjara Hills
- Idea behind competitive fielding drill was to get everyone together as a team, says T Dilip
- Congress manifesto promises full statehood for J&K, silent on Article 370 (Ld)
- BJP fielding other parties to cut votes of Congress, says Hooda
- Chandrababu Naidu Explains Importance of Green Energy Revolution
South Korea, Turkey renew currency swap deal for 3 years
The central banks of South Korea and Turkey agreed to renew their bilateral currency swap deal for three more years, the Bank of Korea (BOK) said on Monday.
Seoul : The central banks of South Korea and Turkey agreed to renew their bilateral currency swap deal for three more years, the Bank of Korea (BOK) said on Monday.
The BOK and the Central Bank of the Republic of Turkey announced the renewal of the bilateral swap arrangement, which allows for the exchange of local currencies between the two central banks of up to some $2 billion, reports Xinhua news agency.
The renewed accord will be effective for three years starting Monday and could be extended by a mutual agreement between the two sides. The swap deal was initially signed in 2021.
The pact was designed to promote bilateral trade through a swap-financed trade settlement facility and financial cooperation between the two countries, the BOK said in a statement.
