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US Treasury keeps South Korea on currency monitoring list
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The US Treasury Department announced on Thursday (local time) that it is keeping South Korea on its foreign exchange monitoring list. The report assesses that the recent weakness of the Korean won does not align with the country's strong economic fundamentals and views it as excessive depreciation. The South Korean government plans to maintain close communication with the US to ensure market stability.
An undersubscribed dollar auction has occurred in Ethiopia's foreign exchange management. This event has led to a rare rebound in the birr's value. Addis Fortune reports on this development in Ethiopian business news.
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La Banca Centrale della Repubblica Argentina (BCRA) ha acquistato 42 milioni US$ sul mercato valutario, estendendo la sua serie a 30 giorni consecutivi di acquisti di valuta. Le riserve internazionali lorde hanno raggiunto 45.158 milioni US$, in aumento di 102 milioni US$ rispetto al giorno precedente. Dall'inizio dell'anno, la BCRA ha aggiunto acquisti per un totale di 2.089 milioni US$, inclusi 932 milioni US$ a febbraio.
The finance ministry announced a package of tax benefits on Wednesday to revitalize the domestic capital market and ease structural imbalances in the foreign exchange market. The measures address the ongoing increase in domestic investors' overseas asset holdings amid the prolonged weakness of the Korean won against the U.S. dollar. Individual investors selling overseas stocks and reinvesting in domestic equities long-term will receive temporary tax relief on capital gains for one year.
Riportato dall'IA
On December 24, 2025, South Korean authorities issued a verbal intervention stating an excessively weak Korean won is undesirable, as the currency hit levels not seen since 2009. Building on measures from December 18—including eased bank rules and intensified FX monitoring—the won rebounded from 1,483.6 to the 1,470 range post-statement.
L'Istituto Nazionale di Statistica e Censimenti (INDEC) ha riportato che il bilancio turistico dell'Argentina è stato negativo a settembre di 562.200 visitatori, segnando il ventesimo mese consecutivo di questo deficit. Più argentini hanno viaggiato all'estero che stranieri sono arrivati nel paese, aggravando l'uscita di valuta estera. I turisti stranieri hanno speso 208,5 milioni di dollari, mentre gli argentini hanno speso 598,2 milioni di dollari all'estero.
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Nib International Bank S.C. announced a 2.9 billion Br loss at its annual shareholders meeting, mainly due to foreign exchange revaluation losses amid Ethiopia's economic reforms. The bank also paid 348.4 million Br in penalties for liquidity issues and payment violations. Despite settling major debts, mismanagement from previous leadership exacerbated the financial strain.