South Korea to announce measures to enhance FX liquidity by finish of 12 months

I posted this from South Korea’s Finance Ministry over the weekend:

South Korean Finance Minister vows daring and swift measures to deal with monetary mkt swings

Extra now from South Korea’s finance ministry and regulators Monday assertion, will make all-out efforts to
stabilise monetary markets by deploying contingency plans
introduced earlier and getting ready recent measures to enhance
overseas trade market liquidity by end-December.

• Will
  work with the Financial institution of Korea on outright buy of Korea Treasury Bonds (KTBs) if wanted
• Will announce measures to enhance fx liquidity in earlier than finish of
  December

—

Korea Treasury Bonds (KTBs):

• authorities securities issued by South Korea’s Ministry of Financial system and Finance
• a major instrument for the federal government to finance its expenditures and handle nationwide debt
• KTBs can be found in numerous maturities, together with 2-year, Three-year, 5-year, 10-year, 20-year, 30-year, and 50-year phrases
• issuance and administration of KTBs are overseen by the Authorities Bond Coverage Division

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



Source link