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S. Korea to inject $10 billion
SEOUL, Sept 26: South Korea announced plans on Friday to pump at least 10 billion dollars into the foreign exchange swap market to ease dollar shortages, its largest intervention in the market for a decade.
The government will use its foreign exchange stabilisation fund to provide the money between now and mid-October, Choi Jong-Ku, head of the finance ministry’s international finance bureau, told reporters.—AFP
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