South Korea Mulls Plans to Disclose Forex Interventions

[kreslik.news]

The South Korean central bank is considering publishing the amount of ‎foreign currency purchases it carries out for the finance ministry, as the U.S. ‎continues to closely monitor the country’s economic trends and foreign ‎exchange policies.‎

The finance ministry and the Bank of Korea announced they are mulling plans to ‎advance the FX market as the International Monetary Fund continues to urge major ‎economies to increase transparency in its foreign-exchange ‎interventions and reserve holdings. The central bank plans to disclose its ‎interventions data with a time lag, yet no decision has been made on details ‎of such plans.‎

In its latest twice-yearly ... (read more)