Korea foreign currency transactions surged in 2000

Foreign exchange transactions by domestic financial institutions, including spot and futures markets, increased sharply in 2000 to $8.9 billion a day, up from $6.9 billion in 1999, the Bank of Korea (BOK) said on Mar 11, 2001.

The central bank ascribed the increase in foreign exchanges trading to the fact that a huge amount of foreign money has flowed into nation after foreign exchange transactions were liberalized in 1999. The other reason was that trading companies have been very involved in

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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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