Korea's 'Won plunging' is nearing breakthrough
Chart 7 Currency swaps held by Korea with foreign countries
|
Destination country and amount |
US dollar equivalent |
Korea offer |
|---|---|---|
|
Australia (A $ 10 billion) |
About $ 7.181 billion |
9 trillion won |
|
Switzerland (CHF 10 billion) |
About $ 10.76 billion |
11.2 trillion won |
|
Malaysia ( 15 billion ringgit) |
About $ 3.57 billion |
5 trillion won |
|
Indonesia (Rp 115 trillion) |
About $ 79.3 billion |
11 trillion won |
|
total |
About $ 287.64 billion |
36.2 trillion won |
([Source] Author created in reference to websites of central banks of each country.
The exchange rate is as of 2018/12/18 )
Besides the swaps shown in Figure 7
Chart 8
shows the currency swap agreements that Korea claims to " hold ".
Chart 8 Swaps other than currency swaps
|
Other countries and amounts |
US dollar equivalent |
Remarks |
|---|---|---|
|
China ( 360 billion RMB) |
About $ 503.4 billion |
It expired on October 10 last year, The Chinese side has not said that it " extended " |
|
Canada |
Limit amount not set |
Swap with Canada is not a currency swap Currency swap |
|
CMIM |
$ 38.4 billion |
Do not activate the IMF delink clause The withdrawal limit is $ 11.52 billion |
([Source] author creation)
Korea borrows most of its foreign debt in US dollars .
As you can see from the chart “Korean currency swap”,
Korea does not have a bilateral swap agreement
that can be borrowed in the US dollar .
Only the United States and Japan accept the swap in US dollars .
The United States, Japan, and Korea , who had made a fight,
prorated their own reinforcements at the same time .
Defeated Revolutionary Theory Appears,
Maintaining Expectations for "Retaliation in Japan"
Korea's currency crisis will also
be a weapon of domestic power struggles .
From the Korean Conservatives
"When do you take retaliation against Korea? "
Japanese people are heard one after another.
That is not "uneasy".
"With the expectation ".
If Korea's economy gets into turmoil as a result of retaliation in Japan ,
it is calculated that it can be used to denounce the leftist regime .
The " currency crisis " is the best counterattack
for the conservatives who were sent to prison
from the former President
of Park Geun-hye administration to the top executives.
By the way,
as a result of the anger of “disappointment of conservativeness”
due to the currency crisis of 1997,
President Kim Dae-jung ,
the first leftist government in the presidential election
at the end of the year, was born.
So,
does the Moon Jae-in administration seriously stop the currency crisis?
In order to borrow the dollar,
it is necessary to go down to the United States and Japan.
Of course, the United States will call for a revision
of the policy towards North Korea's relatives.
At that time, it is doubtful whether President Moon Jae-in betrays his allies,
chairman Kim Jong Eun, for his economy.
Even if all economic indicators are deteriorating ,
such as the growth rate falling to a negative,
the President at a conference on the second anniversary
of his inauguration on May 9
"Among the G20 (20 countries / regions) and OECD
(Economic Cooperation and Development Organization)
member states, Korea has grown considerably high ."
He speaks without saying so
Acceleration to "Venezuelanese" due to the currency crisis
There must be a large number of Japanese
who think that they will not do so much.
However, the fierceness of the Korean party disputes the imagination
of the Japanese.
It is Korean who does anything to defeat the opponent .
In 1997, when the economic boom was the best
[the day of the country's failure]
The bow line is also stretched properly. It is a movie titled
"The Day of the Nation, " which was released on November 28, 2018.
In the first week, 1.57 million people hit as much as they saw.
In a word
"With the currency crisis for the United States,
the era of wealthy people has begun and ordinary people are suffering now."
It is a movie that appeals.
In Korea, films induce public opinion .
Political powers make films that shake the public's emotions
and try to defeat political enemies .
Of course, pro-American maintenance repulses this movie.
Korea Daily Report of Conservative Paper
An article has been published that appeals to the content.
In the last phase, the United States did not lend the dollar to Korea,
but it is Korea itself that failed in the foreign currency control
that was the cause in the first place .
It is not yet known how far Korea's " currency crisis " will develop .
However,
it is certain that it invites pro-US maintenance and pro-North left clash .
Otherwise, the final war between the two parties was about to begin
（「Korea'sLikeVenezuelaAdvancedConflictAntiVsProUS1
韓国の「ベネズエラ化」、反米派と親米派の対立で遂に始まる“最終戦争 reference）。
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Overseas fans seem to be exactly the same
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http://www.ekn.kr/news/article.html?no=398456
https://news.v.daum.net/v/20181106030037589
http://www.koreaherald.com/view.php?ud=20181114000854
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Do not move, government intervention,
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power off of server,
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Korea attacks Japan by combining hands with North Korea and China
Propaganda neglect affects the recreation of the comfort women problem,
the activities of Japanese companies around the world
Possibility of losing in the image strategy at the US jury trial.
DiffusionHopeGermanNGOSupportLaosAdoptVillage
DiffusionHopehttps://laos.oxfam.org/
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