South Korea's central bank said on Tuesday that it has rolled over 450 million U.S. dollars in loans to local banks in a bid to provide them with foreign currency liquidity.
According to the Bank of Korea (BOK), the loan was tapped from the nation's 30 billion-U.S. dollar currency swap line with the U.S. Federal Reserve, and auctioned off to six local lenders.
The 84-day loans were lent, bearing an average interest rate of0.773 percent, according to the BOK.
As of Tuesday, the central bank's outstanding loans from the Fed credit swap line stood at 4.05 billion U.S. dollars, it added.
Source:Xinhua
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