Bank of Korea: South Korea’s Money Supply up 7.3 % in November

Seoul, The money supply in South Korea jumped 7.3% in November from a year earlier, the South Korean central bank said Thursday.

The nation's "M2" totaled 2,405.1 trillion won (US$2.03 trillion) in November, compared with 2,240.8 trillion won a year earlier, the Bank of Korea (BOK) said in a statement.

Month-on-month, the money supply was up 0.5 % from October, the statement said.

M2 is a measure of the money supply counting the currency in circulation, including bank debentures and deposits with a maturity of less than two years, along with stock investments. It's a key economic indicator closely monitored by the authorities.

Source: Qatar News Agency