SEOUL: The Bank of Korea said Friday it had sold a net US$1.81 billion in the first quarter of the year amid the weakening of the Korean won against the U.S. dollar. The first-quarter dollar selling marks a turnaround from the fourth quarter's net purchase of $1.98 billion, which marked the first in three years to snap the nine straight quarters of dollar selling for market-smoothing operations since the third quarter of 2021. The Korean currency traded at 1,347.2 won to the greenback at the end of March, down from 1,288.0 won at the end of last year. Source: Yonhap News Agency
Search
Recent News
- “MP Chatchawan” demands public utility system, vows to fully investigate
- “Suriya” declares that in September 2025, electric trains will be 20 baht for all lines.
- “Pichai” believes that the economy will recover soon, asks not to attack Chinese imports
- “Chulaphan” points out that “casinos” are just a fraction of the investment.
- Pushing ‘Entertainment Complex’ to create new money and attract investment
- The Prime Minister’s Office invites donations to help flood victims in the North.
- “Phrompong” submits a request to the Election Commission to remove “Big Pom” over the audio clip issue.
- The Prime Minister visits the temporary shelter for flood victims in Chiang Rai.
- EOD scans the Deputy Prime Minister’s room at Government House.
- Spokesperson for the Ministry of Education confirms that the results of the Ministry of Education’s work will definitely be seen in the next 3 years.