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BOK Issues 5 Trillion Won ahead of Chuseok

Written: 2020-09-29 15:41:59Updated: 2020-09-29 15:48:36

BOK Issues 5 Trillion Won ahead of Chuseok

Photo : YONHAP News

The Bank of Korea said it issued a net five-point-15 trillion won to financial institutions during the ten working days from September 16.

The monetary issuance prior to Chuseok marks a decrease of half a percentage point from last year.

This decrease is attributed to the expected decline in the number of homebound travelers due to COVID-19 and the prior execution of reserve funds during the first half of the year.

The bulk of the money issuance focused on Jeju and Gangwon provinces, which are well-known holiday destinations.

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