S. Korea, U.S. sign $60 bln currency swap dealA clerk scrutinizes US$100 banknotes at the headquarters of KEB Hana Bank in Seoul on March 20, 2020, to see whether there are any counterfeit bills. The previous day, the Bank of Korea said South Korea and the United States signed a $60 billion bilateral currency swap agreement, easing a liquidity crunch caused by the pandemic. (Yonhap)
Korean bank teller: Made proudly by North Korea. Yep, it all looks good to me.
setnaffa
4 years ago
Money is fungible (look it up) and this may have been something that eases the increased costs of USFK.
johnhenry
4 years ago
rocket man: I’ve long thought that the Norks could ease their problems if they’d go legit and sign on as official printers for the currency of other countries. I seem to remember a small European country doing that for postage stamps not so long ago.
Korean bank teller: Made proudly by North Korea. Yep, it all looks good to me.
Money is fungible (look it up) and this may have been something that eases the increased costs of USFK.
rocket man: I’ve long thought that the Norks could ease their problems if they’d go legit and sign on as official printers for the currency of other countries. I seem to remember a small European country doing that for postage stamps not so long ago.