BIS Review 90/2007  1  By the end of March 2007, the balance of student loans, which include the loans extended to local students, a valuable supplement to NSL and an important component of financial support from the banking system to students with financial difficulties, has reached 3.43 billion yuan.
Consequently, the foreign exchange rate should continue to move within a stable range for the time being. However, there are potential factors making for exchange rate instability including the unrest in emerging markets, such as Russia and Latin American countries. The overall demand for funds in Korean financial markets is unlikely to be large given the deep-seated economic recession.