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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)