RVWITHME Posted July 24, 2014 Report Share Posted July 24, 2014 Interesting info: S. Korea to inject 40.7 tln won for economic recoveryhttp://m.yna.co.kr/mob2/en/contents_en.jsp?cid=AEN20140724001900320&domain=3&ctype=A&site=0100000000 2014-07-24 10:00 South Korea plans to implement a macroeconomic policy package worth about 40.7 trillion won (US$39.7 billion) to kick-start an economic recovery beset by anemic domestic demand, slowing exports growth and deepening uncertainties at home and abroad, the finance ministry said Thursday. The government will also execute its macroeconomic policy in an "expansionary" manner until its intended impact materializes, the ministry added. The stance will be maintained when drawing up a budget for next year as well. The measures are a part of the government's economy management plan along with other broad policy directions unveiled on Thursday, with newly inaugurated Finance Minister Choi Kyung-hwan and his economic team serving as the leaders. "We will run our fiscal stance in an expansionary manner during the second half and in 2015 so as to consolidate the base for the economic recovery," the ministry said. "The expansionary stance will be in place until its impact materializes." 1 Link to comment Share on other sites More sharing options...
easyrider Posted July 24, 2014 Report Share Posted July 24, 2014 (edited) its one of many to revalue.... yes. How much is yet to be seen. Edited July 24, 2014 by easyrider Link to comment Share on other sites More sharing options...
sandfly Posted July 24, 2014 Report Share Posted July 24, 2014 THANKS Link to comment Share on other sites More sharing options...
jeepguy Posted July 24, 2014 Report Share Posted July 24, 2014 40.7 tin won equals --------> some tin wrong it has been a while since I even looked at won , what is it value now ? if I remember it was near the dinar stage .... awwwww bring it up too 1000 to 1 lets shake up some currency folks Link to comment Share on other sites More sharing options...
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