SEOUL : The Bank of Korea (BOK) assesses it is more desirable to maintain its dollar liquidity than to increase gold holdings for foreign exchange reserves at this point, the central bank said.'A cautious approach is necessary for determining whether to increase the ratio of gold in the foreign exchange r
SEOUL : The Bank of Korea assesses it is more desirable to maintain its dollar liquidity than to increase gold holdings for foreign exchange reserves at this point, the central bank said.
Given the possibility of a global economic recession and underlying geopolitical risks, it a better to be ready to provide ample liquidity in dollars, the group said. The BOK released the gold management policy along with the results of its first inspection of gold holdings on May 23.
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