S. Korea's foreign exchange reserves hit record high at US$403 bil. in September
- 6 years ago
South Korea's foreign exchange reserves hit record high in September...after an on-month drop in August.
According to Bank of Korea on Thursday, reserves amounted to 4-hundred-and-three billion U.S. dollars...up 1-point-87 billion from August.
This comes after setting five straight months of record highs from March to July...and an on-month drop in August.
The central bank attributed the hike to rise in profits from foreign assets and issuance of foreign exchange stabilization fund bonds.
Meanwhile, as of the end of August this year, Korea's foreign reserve holdings ranked the 8th largest in the world...with China topping the list.
According to Bank of Korea on Thursday, reserves amounted to 4-hundred-and-three billion U.S. dollars...up 1-point-87 billion from August.
This comes after setting five straight months of record highs from March to July...and an on-month drop in August.
The central bank attributed the hike to rise in profits from foreign assets and issuance of foreign exchange stabilization fund bonds.
Meanwhile, as of the end of August this year, Korea's foreign reserve holdings ranked the 8th largest in the world...with China topping the list.