Arab Today, arab today use of dollar for import settlement down in q3 in seoul
Last Updated : GMT 06:55:33
Arab Today, arab today
Arab Today, arab today

Use of dollar for import settlement down in Q3 in Seoul

Arab Today, arab today

Arab Today, arab today Use of dollar for import settlement down in Q3 in Seoul

Seoul - Yonhap

South Korean importers reduced their use of the U.S. dollar to settle their import deals for the second straight quarter in the July-September period, the central bank said Wednesday. The use of the dollar accounted for 83.7 percent of the total import settlement in the third period, down from 84.3 percent in the second quarter, according to the Bank of Korea (BOK). It marked the lowest weight since the 83.2 percent tallied in the first quarter of last year. In the third quarter, the use of the euro inched up amid the easing eurozone debt crisis, and more importers tapped the Korean won in setting deals in importing autos from Germany, the central bank said. Meanwhile, the dollar was still the most favored currency in settling exports in the third quarter, the BOK noted. The use of the greenback accounted for 86 percent of the total export settlement last quarter, up from 85.3 percent three months earlier, it added. The euro ranked second with 5.4 percent, followed by the Japanese yen with 3.6 percent and the won at 1.9 percent, the BOK said. It is the first time that the weight of the won declined below 2 percent since the third quarter of 2011, it added. The BOK said that the use of the Korean currency in settling exports declined amid a fall in Seoul\'s exports to Iran. In October 2010, South Korea agreed with Iran to set up won-based transaction settlement arrangements for bilateral trade, mainly out of necessity for oil imports, saying the move did not go against international sanctions to punish Iran for its nuclear ambitions.

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*

Arab Today, arab today use of dollar for import settlement down in q3 in seoul Arab Today, arab today use of dollar for import settlement down in q3 in seoul

 



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*

Arab Today, arab today use of dollar for import settlement down in q3 in seoul Arab Today, arab today use of dollar for import settlement down in q3 in seoul

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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