Central Banking

Korea to export currency for world cup period

SOUTH KOREA - The Bank of Korea (BOK) today said that domestic lenders will export 50 billion won (US$37.82 million) worth of the country's money abroad to facilitate currency exchange for foreigners who will visit Korea during the FIFA World Cup period.

The central bank said the first transfer will take place before the end of June and the measure is meant to satisfy the increase demand for the won currency due to the inflow of football fans for the World Cup.

Hanvit and the Korea Exchange Ban