| 24.02.2009 - South Korea may use forex reserves to defend Won |
| From CNBC: South Korean foreign exchange officials said they may use some of the foreign reserves to shore up the tumbling won even if the reserves fall below $200 billion, Yonhap news agency reported. The report came after the won fell for nine consecutive sessions to trade near an 11-year low set in November last year on worries about South Korean banks' ability to secure dollars to meet their maturing foreign debt..... Full Article: Source |