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The Korea Herald
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THE INVESTOR
March 29, 2024

Economy

Korea’s money supply up 7.5% in Dec.

  • PUBLISHED :February 08, 2017 - 16:07
  • UPDATED :February 08, 2017 - 16:07
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[THE INVESTOR] The money supply in South Korea jumped 7.5 percent in December from a year earlier, the central bank said on Feb. 8.

The nation’s “M2” totaled 2,405.8 trillion won (US$2.1 trillion) in December, compared with 2,241.5 trillion won a year earlier, the Bank of Korea said in a statement.

M2 is a measure of the money supply counting the currency in circulation, including bank debentures and deposits with a maturity of less than two years, along with stock investments.

According to the statement, the on-month money supply was also up 0.03 percent from November.

(theinvestor@heraldcorp.com)

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