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S. Korea's central bank chief to attend G-20 meeting

All Headlines 12:00 April 17, 2018

SEOUL, April 17 (Yonhap) -- South Korea's central bank chief will attend the upcoming Group of 20 meeting later this week to discuss current global financial and economic issues, the bank said Tuesday.

Bank of Korea (BOK) Gov. Lee Ju-yeol, who started his second four-year term in April, will head to Washington, D.C. on Wednesday for the G-20 Finance Ministers and Central Bank Governors meeting on Thursday and Friday, according to the BOK.

He will also participate in the International Monetary and Financial Committee (IMFC) conference the following day to exchange views on a global economic trend and policy coordination with world economic leaders.

On the sideline of the IMFC meeting, Lee will meet with his Swiss counterpart Thomas Jordan to talk about bilateral cooperation between the central banks, the BOK said.

South Korea and Switzerland signed a currency swap agreement in February that enables Korean won and Swiss francs to be purchased and repurchased between the two central banks up to a limit of 11.2 trillion won (US$10.4 billion), or 10 billion Swiss francs.

Lee will return home April 25 after his eight-day trip, the BOK added.

S. Korea's central bank chief to attend G-20 meeting - 1

brk@yna.co.kr
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