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To: Mohan Marette who wrote (37732)10/27/1997 9:36:00 AM
From: Mohan Marette  Respond to of 186894
 
First it was the 'Bhat' now it's the 'Won',go figure!
Courtsey:Financial Times -London (Oct.27.97)
South Korea won in record fall
Kim Young-sam, the president of South Korea, said that measures must be introduced to stabilise markets after the won fell to a record low against the dollar. The won managed to recover slightly at the close after slipping to an historic low of Won942 after, with the central bank repeatedly intervening in the market. The embattled currency ended at Won939.9, compared with Friday's close of Won929.5.