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BOK sells net US$3.5 billion in market-smoothing operations in Q3
December 29, 2023
The Bank of Korea said Friday it sold a net US$3.5 billion in the third-quarter of this year to help ease the decline of the local currency against the U.S. 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.
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