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Foreign coin exchanges to get easier in S. Korea: FSS

All Headlines 14:57 August 24, 2016

SEOUL, Aug. 24 (Yonhap) -- The foreign currency exchange in South Korea will become more convenient in the government's efforts to improve the related system, the nation's financial watchdog said Wednesday.

Travelers will be able to exchange coins left from overseas trips at the branches of local banks, according to the Financial Supervisory Service (FSS).

Those coins will be exchanged in the four major local banks--Kookmin Bank, Shinhan Bank, Woori Bank and KEB Hana Bank--it added.

The currencies available are the U.S. dollar, Japan's yen, euro, Swiss Franc, Canadian dollar and Hong Kong dollar.

Currently, KEB Hana Bank is the only lender here to exchange foreign coins into South Korean money.

Customers will also be capable of comparing foreign exchange commissions among banks.


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