[2025 Audit] Rhee Changyong: "I Do Not Consider the Current Exchange Rate a Crisis"

Bank of Korea Governor Rhee Changyong assessed the current won-dollar exchange rate, which stands at around 1,420 won, saying, "I do not consider this a crisis."

Yonhap News Agency

Governor Rhee made these remarks during a National Assembly Strategy and Finance Committee audit held at the Bank of Korea headquarters in Jung-gu, Seoul, on October 20, 2025.

He stated, "A good way to determine whether this is a crisis is to look at how the exchange rate is being evaluated overseas. The current movements reflect various international issues, so I do not view it as a crisis."

Governor Rhee added, "However, we must pay close attention, as the exchange rate can affect inflation and have broader macroeconomic negative impacts."