South Korea's FX reserves top US$ 400 bil. for first time in June: BOK
- 6 years ago
South Korea's foreign exchange reserves were at a record high for the fourth month in a row in June.
The Bank of Korea says the total value as of last month was four-hundred-point-three billion U.S. dollars, topping the four-hundred billion dollar mark for the first time.
Korea's FX reserves surpassed one-hundred billion dollars in 2001, two-hundred billion in 2005 and three-hundred billion in 2011.
The Bank of Korea attributed the rise to increased gains from investment in foreign assets.
As of the end of May, South Korea had the world's ninth largest foreign exchange reserves, with China topping the list.
The Bank of Korea says the total value as of last month was four-hundred-point-three billion U.S. dollars, topping the four-hundred billion dollar mark for the first time.
Korea's FX reserves surpassed one-hundred billion dollars in 2001, two-hundred billion in 2005 and three-hundred billion in 2011.
The Bank of Korea attributed the rise to increased gains from investment in foreign assets.
As of the end of May, South Korea had the world's ninth largest foreign exchange reserves, with China topping the list.