S.Korea’s March FX reserves see biggest drop since 2008 on currency intervention
South Korea’s foreign exchange
reserves fell by the most in more than 11 years at the end of
March as authorities sold dollars to steady the local FX market
hammered by the coronavirus pandemic and as the greenback
firmed, the central bank said on Friday.
reserves fell by the most in more than 11 years at the end of
March as authorities sold dollars to steady the local FX market
hammered by the coronavirus pandemic and as the greenback
firmed, the central bank said on Friday.
Posted by Reuters
