The Bank of Korea and Bank Negara Malaysia today entered into an agreement to renew the bilateral KRW/MYR swap arrangement. The size of this arrangement is maintained at 5 trillion KRW/ 15 billion MYR, the same amount under the previous arrangement established in January 25, 2017. The swap arrangement is for a period of 3 years and can be extended by mutual agreement between the two central banks.

This arrangement is designed to promote bilateral trade for economic development of the two countries. This will further strengthen the financial cooperation between the countries.

This announcement is available at the following websites:

The Bank of Korea: http://www.bok.or.kr
Bank Negara Malaysia: https://www.bnm.gov.my

Bank Negara Malaysia
Bank of Korea
3 February 2020