South Korea says has enough reserves if needed

South Korea has sufficient reserves to keep stability on the local currency market after North Korea said it tested a nuclear device on Monday 9 October, a senior central bank foreign exchange official told Reuters.

He added South Korea did not expect a panic situation.

Rhee Gwang-ju, head of the Bank of Korea's international department, made the comment by telephone, Reuters said, soon after the won plunged 1.5 percent to a six-week low against the dollar, following the nuclear test report.

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