The renewed $5.5bln currency swap deal between the Bank of Korea and CBUAE, is effective from April 13 and can be extended by mutual consent
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SEOUL - South Korea's central bank said on Wednesday it has agreed with the Central Bank of the United Arab Emirates (CBUAE) to extend a currency swap agreement for five years.
The renewed 20 billion UAE dirham ($5.5 billion) currency swap deal between the Bank of Korea and CBUAE, first signed in 2013, is effective from April 13 and can be extended by mutual consent.
($1 = 3.6726 UAE dirham)
(Reporting by Jihoon Lee; Editing by Tom Hogue)
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