"Political instability and high exchange rates."

in leofinance •  3 days ago

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    The Democratic Party of Korea has proposed an impeachment motion against Acting President and Prime Minister Han Duck-soo, with a vote scheduled for tomorrow. Amid this political uncertainty, the Korean won continues to weaken. The won/dollar exchange rate broke through 1,465 won at 10:21 AM, reaching its highest level in 15 years and 9 months.
    On the 26th, the won/dollar exchange rate started at 1,455.2 won, down 1.2 won, and fluctuated in the 1,460 won range. As of 10:21 AM, it rose to 1,465.5 won, the highest level since March 16, 2009 (1,488.0 won).

    Is it a coincidence that the exchange rate surged during the statements of Kim Yong-hyun and Han Duck-soo?

    I don't think so at all.

    The greatest uncertainty in our country right now is the clearing of Yoon Seok-yeol and his accomplices who attempted dictatorship.

    Any political actions that prolong this time are economically negative.

    We need to punish and organize them quickly to reduce instability in our country and secure investment stability.

    Now is the time to run straight on this path without looking at anything else.

    We must completely exclude any clumsy political considerations or accommodations.

    Trusting the people who created the majority party, I hope the opposition parties unite and move forward.

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