Korea's money supply up 6.9% in January
March 9, 2017
The money supply in South Korea jumped 6.9 percent in January from a year earlier, the central bank said Thursday.The nation's "M2" totaled 2,412.6 trillion won ($2.09 trillion) in January, compared with 2,264.6 trillion won a year earlier, the Bank of Korea said in a statement.Stacks of ten thousand won bills. (Yonhap)Month-on-month, the money supply gained 0.1 percent, the statement said.M2 is a measure of the money supply counting the currency in circulation, including bank debentures and dep