As the interest rate rose, it was found that메이저사이트 50,000 won bills, which had disappeared from the market, were pouring out of the closet or safe.
According to the currency supply and demand trends data received from the Bank of Korea by Rep. Yang Gyeong-sook of the Democratic Party of Korea today (6th), the amount of issuance of 50,000 won notes in the first half of this year was approximately 10 trillion won, and the amount of refund was 7.8 trillion won.
The redemption rate, which is the ratio of redemption amount to issued amount, was 77.8%, the highest in the first half of the year since the issuance of 50,000 won notes started in June 2009.
Usually, when the Bank of Korea issues currency, the currency is circulated in the market and deposited into financial institutions in the form of deposits and tax payments.
Financial institutions hold part of it as cash and deposit the rest to the Bank of Korea, and the amount returned at this time is the refund amount.
A high currency exchange rate means that the currency is actively circulating in the market.
The rate of redemption of 50,000 won bills has steadily risen since the first issuance in 2009, reaching 50-60% in 2017-2019, and then dropped to 10-20% in 2020-2021, when Corona 19 spread.
However, consumer sentiment recovered due to the easing of quarantine regulations last year, and the exchange rate began to rise as the Bank of Korea raised the base interest rate by 3 percentage points (p) over a year and a half from August 2021.
It is interpreted that the increase in the base interest rate has made it more advantageous to roll in the form of deposits and savings rather than holding high-denomination notes while market interest rates have also jumped, and face-to-face economic activities have increased due to the lifting of quarantine.