Peso Value Plummets
It seems like Korea is in a more serious situation right now...
Stock prices are rising, exports are doing well, foreign exchange reserves are abundant, credit ratings are decent, growth rates are okay, and bank capital adequacy ratios are in the high 10% range, which is good. Except for a few things, most aspects are fine, so I need to figure out why the Korean won is becoming worthless...
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Instead of worrying about the Philippines, the exchange rate in Korea is going crazy... Companies importing from Korea into dollars must be facing ruin...
This situation is about to explode, but it's strangely quiet, which makes me more uneasy. I wonder if the media is being cautious of the President... Normally, this would be a cause for widespread panic about the country's downfall.
Wow, this is going to be a mess... ㅠ
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