South Korea's FX reserves hit fresh record high in March
  • 6 years ago
South Korea saw a fresh high in its foreign exchange reserves for the month of March.
According to data released by Bank of Korea on Wednesday, the total value as of last month was around 396-point-seven-billion U.S. dollars, up around two billion from a month earlier.
This breaks the previous record set in January.
The BOK attributed the rise to the depreciation of the U.S. dollar, which hiked up the value of South Korea's other foreign currency deposits.
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