August 12, 2024

S. Korea, Turkiye Extend Currency Swap Deal

South Korea and Turkiye have agreed to extend their currency swap deal by three years.

The Bank of Korea (BOK) said Monday that the three-year agreement, signed by the BOK and the Central Bank of the Republic of Turkiye, allows for the exchange of lo…

Financial Times: Ukraine Facing $43 Billion Budget Deficit

Ukrainian Finance Minister Serhii Marchenko called on Western allies to speed up the allocation to Ukraine of a $50 billion loan, arguing that delays in arms deliveries have led to a rising budget deficit.

The slow supply of weapons, especially from …