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The US and South Korea agreed on October 1 to implement liquidity amenities to quell monetary instability if wanted, South Korea’s finance ministry stated after a teleconference between the finance chiefs of the 2 international locations.
“The 2 international locations are able to work intently collectively to implement liquidity amenities when essential, corresponding to when monetary instability is aggravated by the unfold of liquidity crunch in main economies, together with Korea,” the ministry stated in an announcement. The decision was
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