South Korean government plans to provide further foreign currency liquidity to local banks, a senior finance ministry official said on Thursday.

“We will inject additional foreign currency liquidity soon, but it is difficult to say how much we will supply,” the official told Reuters by telephone, asking not to be identified.

Earlier this month, the state-run Export-Import Bank of Korea (KEXIM) allocated $5 billion for local banks and exporters facing dollar shortage as part of the country;s dollar supplying aid plan.

Source: http://www.afxnews.com

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