Foreign exchange reserves drop, central bank reports
9 Articles
9 Articles
(Seoul = Yonhap News) Reporter Han Ji-hoon = South Korea's foreign exchange reserves decreased for the first time in four months last month due to factors such as the entrustment of assets to the Korea-U.S. Strategic Investment Corporation.
Foreign exchange reserves decreased by just over $1.7 billion in September, and it appears that investments in strategic industries in the U.S. following the agreement between South Korea and the United States had a partial impact. The Bank of Korea announced on the 6th that as of the end of September, the country's foreign exchange reserves stood at $440.56 billion, down $1.72 billion from the previous month.
Foreign exchange reserves drop, central bank reports
The nation’s foreign exchange reserves decreased by US$1.159 billion to US$600.745 billion last month from the previous month, the central bank said in a statement yesterday. The decline in foreign exchange reserves was mainly due to the strengthening US dollar and the central bank’s intervention in
Foreign Exchange Reserves Shift to Decline Amid Flying Invoice for U.S. Investment Bank of Korea Foreign Exchange Reserves at End of September As U.S. President Donald Trump intensifies pressure to raise funds for investment in the U.S., foreign exchange reserves, one of the sources of these funds, shifted to a decrease last month. The Bank of Korea announced that as of the end of last month, foreign exchange reserves...
[Digital Daily Reporter Kim Nam-gyu] South Korea's foreign exchange reserves have decreased by more than $1.7 billion in just one month. This decline was influenced by factors such as a decrease in foreign currency deposits at financial institutions and the entrustment of assets to the Korea-U.S. Strategic Investment Corporation (KSIS). The Bank of Korea announced on the 6th that foreign exchange reserves stood at $440.56 billion as of the end …
The Bank of Korea announced on the 6th that South Korea's foreign exchange reserves stood at $440.56 billion as of the end of September. This represents a decrease of $1.72 billion from the previous month ($442.28 billion), marking a decline for the first time in four months. Foreign exchange reserves had increased for three consecutive months starting in June; notably, in August, they rose by $14.33 billion in a single month, marking the large…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
