S. Korea's foreign exchange reserves edge down in May
  • 5 years ago
South Korea's foreign exchange reserves dipped on-month in May.
The Bank of Korea says the reserves amounted to 402 billion U.S. dollars last month, down nearly two-point-one billion dollars from April.
The central bank attributed the fall to the stronger greenback,... which pulled down the value of other foreign currency assets held by South Korea.
As of the end of April, South Korea had the world's ninth largest foreign exchange reserves, with China topping the list.
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