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South Korea’s Pension Service to work with FX authorities to intervene in KRW when needed
Reuters interviewed South Korea’s National Pension Service (NPS) Chairman Kim Tae-hyun
- said that the NPS will collaborate with foreign exchange authorities when needed to help stabilize the market
- also said that re-establishing a currency swap arrangement with South Korea’s central bank which expired at the end of last year could be part of such collaboration
- “We have our own target rate for foreign exchange that we can endure,” Kim said. added that cooperation with... Read More
Posted: Mar 5 2023, 23:42
Author Name: forexlive
Views: 082199