You are here

China establishes direct trading pair between yuan and Korean won

[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.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to