China, South Korea agree to extend currency swap deal, but does it mean tensions are easing?

Posted By on October 12, 2017

South Korea said on Friday said it had agreed with China to extend a currency swap deal between the countries’ central banks, a decision that could point to an easing of diplomatic tensions with Beijing over security issues.
The US$56 billion currency swap, which was due to have expired on Tuesday would be extended for a further three years, according to South Korea’s finance ministry and the Bank of Korea.
A central bank official said the agreement was struck on Tuesday, ahead of…
Source: China News
Link: China, South Korea agree to extend currency swap deal, but does it mean tensions are easing?

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