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 the Bank of Korea on Thursday..., the reserves amounted to 4-hundred-and-three billion U.S. dollars...up 1-point-8-7 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 a rise in profits from foreign assets and the issuance of foreign exchange stabilization fund bonds.
As of the end of August this year, South Korea's foreign reserve holdings ranked the eighth largest in the world...with China topping the list.
According to the Bank of Korea on Thursday..., the reserves amounted to 4-hundred-and-three billion U.S. dollars...up 1-point-8-7 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 a rise in profits from foreign assets and the issuance of foreign exchange stabilization fund bonds.
As of the end of August this year, South Korea's foreign reserve holdings ranked the eighth largest in the world...with China topping the list.