S. Korea's foreign exchange reserves edge down US$ 1.2 bil. m/m to $404 bil. in April
- 5 years ago
South Korea's foreign exchange reserves edged down on-month in April.
The Bank of Korea says reserves amounted to 404 billion U.S. dollars, down one-point-two billion dollars from March.
The central bank attributed the fall to a stronger dollar which pulled down the value of other foreign currency assets.
As of the end of March, South Korea had the world's ninth largest foreign exchange reserves, with China topping the list.
The Bank of Korea says reserves amounted to 404 billion U.S. dollars, down one-point-two billion dollars from March.
The central bank attributed the fall to a stronger dollar which pulled down the value of other foreign currency assets.
As of the end of March, South Korea had the world's ninth largest foreign exchange reserves, with China topping the list.