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Article: SOUTH KOREA'S APRIL MONEY SUPPLY GAIN HITS 5-YEAR HIGH.
- Article from:
- AsiaPulse News
- Article date:
- June 11, 2008
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SEOUL, June 11 Asia Pulse - South Korea's money supply grew at the fastest pace in more than five years in April on the back of ample liquidity provided by financial institutions, the central bank said Wednesday.
The country's liquidity aggregate reached 2,164.8 trillion won (US$2.11 trillion) in April, up 14.6 per cent from a year earlier, according to the Bank of Korea (BOK). The liquidity aggregate, the broadest measure of money supply, covers currency in circulation, all types of deposits at financial institutions, and state and corporate bonds.
April's money supply growth was the steepest since November 2002, when it gained 14.7 per cent. The money ...