South Korea Pledges FX Cooperation with US, Japan; IMF Completes Egypt Review Allowing $1.8B Draw
South Korea says it will continue close coordination on FX markets with the U.S. and Japan. Separately, the IMF completed reviews for Egypt, authorizing the authorities to draw about $1.8 billion.
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South Korea’s deputy finance minister stated the country will continue cooperating closely with the United States and Japan, and is coordinating closely with major countries such as the U.S. and Japan on the foreign exchange market.
The IMF announced it has completed reviews for Egypt, which allow authorities to draw the equivalent of about $1.8 billion.
Source: First Squawk