Intervention Categories: Finance policy and financial aid; Monetary and macro-financial policy
Level of Jurisdiction: National
Overview: The Bank of Korea announced a currency swap with the United States Federal Reserve, injecting US$ 60 billion in U.S. banknotes into Korea’s foreign exchange markets.
The move is aimed to address dollar shortages following a devaluation of the Korean won in March.
Full details here: http://www.bok.or.kr/portal/bbs/B0000306/view.do?nttId=10057313&menuNo=201062&pageIndex=2