SEOUL (Reuters) – South Korea’s central bank governor said it is difficult for the dollar-gained exchange rate to return to past levels, Yonhap news agency reported on Tuesday.
It is difficult to say that the dollar rate has stabilized and the market is in a wait-and-see mode, the report quoted Bank of Korea Governor Rhee Chang-yong as saying at a meeting with lawmakers.
Following the report, the Bank of Korea said in a statement that the governor said things were difficult “for now” following President Yoon Suk Yeol’s attempted coup on December 3.
Yoon withdrew the surprise declaration of martial law just hours after imposing it, after parliament rejected his attempt to ban political activities and censor the media.
The won was quoted at 1,427.8 per dollar as of 0520 GMT, down from the previous close of 1,435.0 and a two-year low of 1,442.0 last week, amid political turmoil.
