S. Korea's foreign exchange reserves rise US$ 3 bil. m/m to US$ 406.3 bil. in October
  • 4 years ago
South Korea's foreign exchange reserves increased on-month in Ocotber.
The Bank of Korea says the reserves amounted to an all-time high of some 406-billion U.S. dollars last month, up three billion dollars from September.
The central bank attributed the rise to an increase in revenue from its investments in foreign assets and the weaker U.S. dollar.
As of the end of September, South Korea had the world's ninth largest foreign exchange reserves,... with China remaining top of the pile.
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