Foreign Reserves Rebound in Oct. on Foreign Currency Deposits
4 Articles
4 Articles
The Bank of Korea announced on the 4th that its foreign exchange reserves stood at $443.16 billion as of the end of last month. This represents an increase of $2.6 billion from the previous month. A Bank of Korea official stated, "This result is attributed to returns from the management of foreign currency assets and an increase in foreign currency deposits from financial institutions." The Bank of Korea purchases bonds, such as government bonds…
(Seoul = Yonhap News) Reporter Chae Sae-rom = South Korea's foreign exchange reserves increased for the first time in two months last month, driven by factors such as profits from the operation of foreign currency assets.
Foreign reserves rebound in Oct. on foreign currency deposits
SEOUL, Nov. 4 (Yonhap) -- South Korea's foreign reserves rebounded in October on increased foreign currency assets and management profits, the central bank said Wednesday.The country's foreign reserves stood at US$443.16 billion as of end-Oct
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