The government has multiplied the size of its biggest bank note in circulation by five — to 10,000 pesos, worth about $10 — so people don't have to carry so much cash worth so little.
Members of the central bank’s Monetary Policy Committee voted 7-2 to hold, with the latter favoring a cut. In the prior meeting only one member voted for a cut.
President Yoon Suk Yeol also apologized for a controversy over his wife’s acceptance of an expensive handbag and said he would set up a government ministry to tackle the country’s flagging birth rates.
The prime minister of Thailand, the first country in Asia to legalize the drug, ordered that it be restricted to medical use amid concerns that the lack of regulation had made it available to children and increased crimes.
The torch was lit in Greece last month before it was officially handed to France. It left Athens aboard a ship named Belem, which was first used in 1896, and spent 12 days at sea.