CLS to include Korean won

Endorsement from the group’s board is in principle, until regulatory approval is obtained and certain legal requirements are met. However, the won is likely to be added in 2004 as the fourteenth currency on the system, joining existing CLS units -- US dollar, euro, yen, sterling, Swiss franc, Australian and Canadian dollars -- and four other currencies set to go live later this year -- the Danish kroner, Norwegian krone, Swedish krona and Singapore dollar. The Hong Kong and New Zealand

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