AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
KOREA'S FOREX TRADE BRISK ON PROFIT-TAKING IN APRIL, 2003.
SEOUL, May 1 Asia Pulse - Foreign exchange trading between banks showed a sharp increase last month as the won-dollar exchange rate fluctuated in a wide range, providing grounds for profit-taking, according to the Bank of Korea (BOK).
With less pressure for the dollar's strengthening against the won, foreign currency deposits declined from an all-time high of US$14.92 billion.
In April, the dollar traded at a wide range of 1,200-1,250 won, and the trading volume jumped to US$2.8 billion-3 billion from US$2.3-2.5 billion, the central bank said.
The bank's analysis showed that the daily fluctuation range widened to 8 won over the same period, rising from 6 won between last October and February.
"The war in Iraq, SARS and North Korea's nuclear programs gave cause for wide fluctuations in the foreign exchange market, leading banks to take advantage of the situation for profit-taking," a BOK ...
- U.S. CAUTIOUS ON NORTH KOREA SANCTIONS.(MAIN)
- Newspaper article from: Albany Times Union (Albany, NY) June 2, 1994 700+ words
...One initial measure against North Korea being considered is an attempt...remittances are a major source of North Korea's foreign exchange. Officials expect the International...report as early as today that North Korea, by refusing to allow inspection...
- U.S. MUST RE-ENGAGE NORTH KOREA.(OPINION)(GUEST COLUMN)(Column)
- Newspaper article from: Wisconsin State Journal (Madison, WI) December 18, 2002 700+ words
...Koreans see cooperation with North Korea as the only hope for resolving...missile sales have been North Korea's primary source of foreign exchange. Implying that the shipment...staged to raise the heat on North Korea, further fuel a crisis...
- U.S. Bid to Build Coalition On North Korea Is Resisted; China, Japan Opposing...
- Newspaper article from: The Washington Post Daniel Williams June 10, 1994 700+ words
...from sending money to their relatives in North Korea, ban arms sales to the country, and...from Koreans in Japan to relatives in North Korea - one of North Korea's main sources of foreign exchange. Rather, Tokyo has proposed a three...
- U.S. Hits Snags in Bid To Pressure North Korea
- Newspaper article from: Chicago Sun-Times Daniel Williams June 10, 1994 700+ words
...from Koreans in Japan to relatives in North Korea - one of North Korea's main sources of foreign exchange. Rather, Tokyo has proposed a three...avoid having to cut off remittances to North Korea because it does not want to be seen in...
- Officials Suspect Japanese Firm of Selling Sold-Fuel Equipment to North Korea.
- Newspaper article from: Knight Ridder/Tribune Business News June 14, 2003 700+ words
...The equipment was sent to North Korea on the Mangyongbong-92...limitations for the 1994 export to North Korea has expired under the Foreign Exchange and Foreign Trade Control...machines called jet mills to North Korea, as well as China, the...
- North Korea Berates South Korea Over Conviction in Summit Scandal.
- News wire article from: YON - Yonhap News Agency of Korea April 5, 2004 700+ words
SEOUL, April 5 (Yonhap) -- North Korea condemned South Korea Monday for handing down...state-run KDB and remit US$450 million to North Korea in violation of the Foreign Exchange Control Law, with the help of the nation...
- North Korea's only bank in Europe stops business.
- Newspaper article from: Kyodo News International (Tokyo, Japan) July 28, 2004 700+ words
...1982 as a subsidiary of Daesong Bank of North Korea, ostensibly to engage in foreign exchange transactions and provide financial support...of being involved in money laundering for North Korea's drug trafficking. According to diplomatic...
- North Korea's Isolation Seen Dangerous for Its Foes; U.S. Officials Say They...
- Newspaper article from: The Washington Post Fred Hiatt February 23, 1988 700+ words
...known, too, that North Korea's economy has stagnated...video tape recorders, North Korea defaults on its debt and desperately seeks foreign exchange by selling fish paste...analysts say that until North Korea opens itself to the...