BOK sells net $3.5 billion in market-smoothing operations in Q3
By YonhapPublished : Dec. 29, 2023 - 19:20
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)