UAE agrees $5.4 billion currency swap deal with South Korea | The National:
"South Korea’s central bank said on Sunday that it had signed a bilateral, three-year currency swap deal with the UAE worth up to US$5.4 billion in a bid to strengthen trade and financial ties between the two countries.
The arrangement lets either country swap 5.8 trillion Korean won for 20 billion dirhams, or vice versa. The Bank of Korea (BOK) said the agreement expires in three years but can be extended if needed.
The currency swap agreement is the second announced on Sunday, after the Bank of Korea said it would soon sign a won-rupiah swap pact with the Indonesian central bank valued up to $10 billion."
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