The Business Times

International

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

International

China establishes direct trading pair between yuan and Korean won

Published Fri, Feb 26, 2016 · 12:39 PM
Share this article.

[BEIJING] China will establish a direct trading exchange market between the yuan and the Korean won, the People's Bank of China (PBOC) said in a statement on Friday.

Direct forex trading between the two currencies will begin in the first half of 2016, the bank said, citing a meeting between its governor, Zhou Xiaochuan, and South Korean finance minister Yoo Il-ho.

The two officials met on the sidelines of the G20 meeting of central bank governors and finance meetings in Shanghai.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here