Korean cb, government differ on reserve management

A Korean presidential committee has said it will grant a soon-to-be-established corporation management control over about $20 billion in foreign reserves despite objections from the Bank of Korea. The BOK argued that the central bank should remain the only authority to manage the nation's foreign-exchange reserves.

Source: The Korea Herald

Heralding another round of wrangling over the independence of the central bank, a presidential committee said it would grant a soon-to-be-established

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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