Chinese Regime, South Korea to Boost Currency Swap Deal

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The People's Bank of China and South Korea's central bank decided to enhance their currency swap agreement. Their aim is to buffer against world financial crisis.

The Bank of Korea released a statement saying its won-yuan swap with the Chinese regime's central bank will increase from $28-billion to $57-billion dollars.

The statement was publicized on Wednesday, when the Chinese regime's Deputy Party Secretary, Li Keqiang, met South Korean leader Lee Myung-bak during Li's two-day visit to Seoul.

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