s korea seeking to ease currency volatility
Last Updated : GMT 08:54:17
Arab Today, arab today
Arab Today, arab today

S. Korea seeking to ease currency volatility

Arab Today, arab today

Arab Today, arab today S. Korea seeking to ease currency volatility

Seoul - Yonhap

South Korea will continue to seek to ward off severe currency volatility but will not intervene in the market to bolster exports or tame inflation, a senior finance ministry official said Thursday. "The government will do its best to minimize any excessive volatility in the currency market," Choi Jong-ku, a deputy finance minister, said. "But the government will not step in to boost exports or stabilize prices." In a meeting with foreign correspondents in Seoul, Choi said the government will continue to cooperate with the central bank and that there will be no changes in the government's foreign exchange policy. "The government won't target a certain foreign exchange rate, since the appropriate level is unknown," he said. Choi's remarks came amid worries the ongoing financial turmoil and the Federal Reserve's recent pledge to keep its record-low interest rates over the next two years may affect the South Korean currency and its exports, the main driver of its economic growth. Choi said the Fed's low-rate pledge would ease concerns on the country's exports to the U.S. but at the same time raise risks on excessive foreign capital inflows. The government will continue efforts to counter such problems, since excessive capital flows have been one of the country's largest risk factors, he added. The deputy minister also said South Korea is expected to be influenced by external shocks, but the impact is likely to be limited. "It would be hasty generalization to categorize Korea as a high-risk country without considering other related factors - such as a country's growth potential, external soundness and government's policy capacity," the official said. Choi said the country's diversified trade destinations, with emerging markets accounting for more than 70 percent of all exports, strengthened external soundness and policy capacity would help the nation weather the ongoing financial storm.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

s korea seeking to ease currency volatility s korea seeking to ease currency volatility

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

s korea seeking to ease currency volatility s korea seeking to ease currency volatility

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Ayten Amer happy for “The Flood” success

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:21 2017 Tuesday ,14 November

Nelly Karim focuses on humanitarian roles

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday