BOK To Sell 7.2 Tln Won Monetary Stabilization Bonds In July

The Bank of Korea’s headquarters in central Seoul (Image courtesy of Yonhap)

SEOUL, June 26 (Korea Bizwire) — South Korea’s central bank said Thursday it will sell up to 7.2 trillion won (US$5.31 billion) worth of monetary stabilization bonds (MSBs) in July.

The planned issuance represents a 600 billion-won increase from a month earlier, according to the Bank of Korea (BOK).

As policy tools devised to absorb excess liquidity in the market, MSBs are sold to financial institutions and individuals.

 (Yonhap)