Friday, January 2, 2009

Handled the economic crisis

The government will increase the fund was equal foreign currency to overcome the liquidity crisis that was increasingly serious in the middle of the economic crisis at this time, as well as increased the ratio of the adequacy of capital in the Bank or the BUS by means of using the fund extra in the market. In the cabinet meeting, on Tuesday, the Department of Finance and the Strategy of Korea announced the policy direction of the national economy, as well as said that essence of this crisis of year finance was the problem of the liquidity.
To stabilise the financial market and currency dollar, the Department of Finance and the Strategy of Korea will increase the provisions of the fund was equal foreign currency that at this time 10 trillion to 20 trillion won. Moreover, the government will divide the budget of the country around 9 trillion won to be lent to banks, in accordance with the company's small and medium request.

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