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Republic of Korea: Foreign exchange derivative positions restricted

Description

On 27 November 2012, the Ministry of Strategy and Finance of the Republic of Korea announced restrictions on the extent that banks can hold foreign exchange derivative positions, lowering the maximum ...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

01 Dec 2012

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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