S. Korea's foreign exchange reserves rise US$ 3.33 bil. m/m in May
- 4 years ago
5월 외환보유액 33억달러 증가...외화자산 운용수익 및 미달러화 약세 영향
South Korea's foreign exchange reserves increased on-month in May.
According to the Bank of Korea on Wednesday, reserves reached roughly 407 billion U.S. dollars last month,... up more than three-point-three billion dollars compared to the previous month.
The central bank said the rise was mainly due to the weaker greenback which pushed up 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.
South Korea's foreign exchange reserves increased on-month in May.
According to the Bank of Korea on Wednesday, reserves reached roughly 407 billion U.S. dollars last month,... up more than three-point-three billion dollars compared to the previous month.
The central bank said the rise was mainly due to the weaker greenback which pushed up 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.