Monday, December 29, 2008

S.Korea probing possible dollar hoarding -Yonhap

South Korea is investigating possible cases of dollar hoarding by individuals and companies, Yonhap news agency quoted an unnamed official at the country's top financial regulatory agency as saying on Tuesday.

"We are checking on talk that there are cases of dollar stockpiling in the local currency market," the Financial Supervisory Service official was quoted as saying. "We plan to ask banks to submit foreign exchange transaction records of their individual and corporate clients."

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