South Korea to disclose FX intervention records starting from second half of 2018
- 6 years ago
South Korea will start disclosing its currency market intervention records on a regular basis.
The Bank of Korea and the Finance Ministry said Thursday that they will disclose the country's net buying and selling of U.S. dollars to prevent sharp fluctuations of the Korean won.
The government will reveal details every six months for one year starting from the second half of 2018.
From then on, the government will disclose the details on a quarterly basis.
Finance Minister Kim Dong-yeon said the measure will help remove unnecessary misunderstandings about South Korea's currency market operations and help build trust about its policies in the long run.
The Bank of Korea and the Finance Ministry said Thursday that they will disclose the country's net buying and selling of U.S. dollars to prevent sharp fluctuations of the Korean won.
The government will reveal details every six months for one year starting from the second half of 2018.
From then on, the government will disclose the details on a quarterly basis.
Finance Minister Kim Dong-yeon said the measure will help remove unnecessary misunderstandings about South Korea's currency market operations and help build trust about its policies in the long run.