Use of yen for import settlement down in Q4
Seoul - Arab Today
South Korean importers reduced their use of the Japanese currency in settling import deals in the fourth quarter, as the yen has been under heavy downward pressure, the central bank said Friday. The use of the yen accounted for 5.2 percent of the total import settlement in the fourth quarter, down from 6 percent in the third quarter, according to the Bank of Korea (BOK).
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