Thursday , January 28 2021

Seoul – foreign exchange reserves decreased when the dollar gained in value



Central Bank of Korea (CBK) said on Monday that Seoul's foreign exchange reserves declined slightly in October as a result of the recent rise in the US dollar.

The total foreign exchange reserves of South Korea at the end of last month fell by USD 250 million to USD 402.75 billion compared to the previous month, according to the central data published by the Yonhap News Agency.

South Korea's foreign exchange reserves consist of currency securities and deposits, IMF reserve capacity for the IMF, special drawing rights and gold.


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