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S. Korea to scale down foreign currency stabilization fund amid mounting losses

Posted on 11 November 2013

South Korea plans to scale down the amount of its foreign currency stabilization fund for next year as part of efforts to reduce mounting losses from its operation, the finance ministry said Monday.
According to the ministry, the government set the amount of the money being operated under the fund at 72.07 trillion won (US$67.5 billion) for next year, which is down 10.5 percent, or 8.42 trillion won, from this year………………………………………..Full Article: Source


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