South Korea's Ministry of Economy and Finance issued an alert denying claims that the four major commercial banks will introduce new restrictions on US dollar exchange transactions, calling the reports clear fake news that has not been discussed. The rumour circulating via messaging apps alleged caps of USD 10,000 per month and USD 30,000 per year starting 2 April 2026. The ministry warned that spreading unfounded claims in a period of heightened uncertainty can fuel market instability and undermine trust in policy, and said it will respond strictly, including referring the matter to police for investigation.
Ministry of Economy & Finance (South Korea) 2026-04-02
South Korea's Ministry of Economy and Finance debunks rumours of new USD exchange caps at major banks
South Korea’s Ministry of Economy and Finance issued an alert denying as fake news reports that the four major commercial banks will impose new caps on US dollar exchange transactions. The ministry warned that spreading such unfounded claims during heightened uncertainty risks market instability and said it will respond strictly, including referring the matter to police for investigation.