The government is not taking steps to sell $1.3 billion worth of currency stabilization bonds

SEJONG, June 16 (Yonhap) – The Ministry of Finance has taken steps to sell $1.3 billion worth of currency stabilization bonds, the ministry said on Sunday.

The ministry on Friday selected five financial institutions, including the state-run Korea Development Bank, for the planned sale of five-year U.S. dollar-denominated bonds.

It would be the first sale of US dollar-denominated bonds since 2021.

Currency stabilization bonds are intended to raise the money the government needs to keep exchange rates stable.

Government takes no steps to sell $1.3 billion worth of currency stabilization bonds - 1

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