I posted this from South Korea’s Finance Ministry over the weekend:
South Korean Finance Minister vows bold and swift measures to address financial mkt swings
More now from South Korea’s finance ministry and regulators Monday statement, will make all-out efforts to
stabilise financial markets by deploying contingency plans
announced earlier and preparing fresh measures to improve
foreign exchange market liquidity by end-December.
Will
work with the Bank of Korea on outright purchase of Korea Treasury Bonds (KTBs) if needed
Will announce measures to improve fx liquidity in before end of
December
—
Korea Treasury Bonds (KTBs):
government securities issued by South Korea’s Ministry of Economy and Financea primary tool for the government to finance its expenditures and manage national debtKTBs are available in various maturities, including 2-year, 3-year, 5-year, 10-year, 20-year, 30-year, and 50-year termsissuance and management of KTBs are overseen by the Government Bond Policy Division
This article was written by Eamonn Sheridan at www.forexlive.com.
