Forex-Here.com All about Forex

FTSE Group a global index provider announced on Thursday about its role in moving South Korea to its highest positions in an annual report of country classifications. The FTSE Group CEO Mark Makepeace expressed his congratulations to the country that has promoted to Developed market status.

According to the announcement of the South Korea’s Vice Finance Minister the consumer inflation in the country will not overcome the level predicted in July as the oil prices have decreased sharply. He has also said that foreign exchange controlling bodies will interfere the situation in case national currency - won, will grow rapidly and the government still works on the stabilizing prices policy.

South Korea reported about the biggest for the July fall in the forex reserves of the country. Nevertheless due to senior foreign exchange official there was no reason for the authorities to shift from the current policy of protecting national currency just to restrain the inflation. Furthermore the worries about the declined reserves didn’t come true. The experts also approved this. They said that the general external payment capability of the country remained unchanged.