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South Korea announces plans to ease restrictions on banks' foreign exchange forward positions. The move aims to enhance financial market stability and promote economic growth. #SouthKorea #ForeignExchange #Finance
🇰🇷SOUTH KOREA TO EASE FX REGULATIONS TO IMPROVE LIQUIDITY CONDITIONS-FINANCE MINISTRY. https://t.co/n0nJRUSFn2
South Korea to ease FX regulations to improve liquidity conditions https://t.co/3NoLZGbJxB
South Korea is set to relax restrictions on banks' foreign exchange forward positions, a move aimed at enhancing financial market stability and promoting economic growth. The Finance Ministry announced that the limit for foreign banks' FX forward positions will increase to 375%, while domestic banks' FX forward position cap will rise to 75%. This regulatory easing is intended to improve liquidity conditions within the financial sector.