IMF welcomes South Korea's decision to disclose FX intervention records
- 6 years ago
The IMF on Thursday welcomed South Korea's decision to regularly disclose its currency market intervention records.
In a statement, IMF Managing Director Christine Lagarde said "It delivers a strong message about commitment to a flexible exchange rate and will help enhance Korea's inflation targeting regime."
The Korean government said it will disclose data on the net buying and selling of U.S. dollars every six months starting in the second half of this year as part of measures to increase currency market transparency.
From the second half of 2019, the details will be disclosed on a quarterly basis.
In a statement, IMF Managing Director Christine Lagarde said "It delivers a strong message about commitment to a flexible exchange rate and will help enhance Korea's inflation targeting regime."
The Korean government said it will disclose data on the net buying and selling of U.S. dollars every six months starting in the second half of this year as part of measures to increase currency market transparency.
From the second half of 2019, the details will be disclosed on a quarterly basis.