SEOUL (Archyde.com) – South Korea’s foreign exchange regulator will meet with local banks at 4:30 p.m. on Thursday to discuss recent market conditions. The purpose is pure exchange of opinions.
officials said. The won fell 1.2% against the dollar on the 7th. The dollar fell to its lowest level since early April 2009.
“This is not an unusual meeting. We have held such meetings in the past on an as-needed basis,” the official said on condition of anonymity. Details were not disclosed.
About 10 banks will attend the meeting, according to Yonhap news agency.