S. Korea's foreign exchange reserves edge down in August
- 5 years ago
S. Korea's foreign exchange reserves dipped on-month in August.
The Bank of Korea says the reserves amounted to 401 billion U.S. dollars last month, down 1-point-six billion dollars from July.
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 July, South Korea had the world's ninth largest foreign exchange reserves, with China topping the list.
The Bank of Korea says the reserves amounted to 401 billion U.S. dollars last month, down 1-point-six billion dollars from July.
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 July, South Korea had the world's ninth largest foreign exchange reserves, with China topping the list.