| S Korea's Central Bank to Supply $2 Bln to Local Banks |
| News - Eurasia |
| Written by Xinhua |
| Monday, 13 April 2009 07:24 |
|
SEOUL, April 13 (Xinhua) -- South Korea's central bank is to offer 2 billion U.S. dollars to local banks this week, less than its previous supply amount, the central bank said Monday.
According to the Bank of Korea (BOK), it will offer 2 billion U.S. dollars to local banks through 84-day swap deals on Tuesday out of its 3 billion-U.S. dollar loan extension, which would expire this Thursday. The money is tapped from a 30 billion-U.S. dollar currency swap agreement with the U.S. Federal Reserve, the BOK said. |