South Korean governor calls for international swap line expansion
Lee Juyeol welcomes improvements in financial safety nets at both global and regional levels
Lee Juyeol, the governor of South Korea's central bank, on July 19 called for international currency swap arrangements to be expanded – arguing in favour of continued co-operation on financial safety nets.
Safety nets have been "steadily improved" at both global and regional levels, Lee told an audience in Seoul. He cited the International Monetary Fund's New Arrangements to Borrow, US dollar currency swap arrangements between major countries and the increase in the Chiang Mai Initiative
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