"Exchange Rate Stabilization" Foreign Exchange Authorities Make Net Sales of $2.96 Billion in Q1

Foreign exchange authorities made net sales of nearly $3 billion in the foreign exchange market in the first quarter of this year to stabilize the market.

According to the Bank of Korea on June 30, the Bank of Korea, the Ministry of Economy and Finance, and other foreign exchange authorities made net sales of $2.96 billion in the foreign exchange market from January to March this year to stabilize the market. This net sales amount decreased compared to the fourth quarter of last year, when it reached $3.755 billion.