The Korea Herald

지나쌤

BOK sells net $3.5 billion in market-smoothing operations in Q3

By Yonhap

Published : Dec. 29, 2023 - 19:20

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Bank of Korea's headquarters in central Seoul. (Herald DB) Bank of Korea's headquarters in central Seoul. (Herald DB)

The Bank of Korea said Friday it sold a net $3.5 billion in the third-quarter of this year to help ease the decline of the local currency against the US dollar.

The third-quarter dollar selling marks the ninth straight quarter of dollar selling for market-smoothing operations since the third quarter of 2021, according to the central bank.

The third-quarter dollar selling marks a fall from the previous quarter's $5.97 billion. (Yonhap)