S. Korea's foreign exchange reserves jump in June
- 5 years ago
South Korea's foreign exchange reserves rose by over one trillion won in June,...which is around eight-hundred-56 million U.S. dollars.
The Bank of Korea says the reserves totaled around four-hundred-70 billion U.S. dollars last month.
The weaker greenback raised the value of other foreign currency assets held by South Korea,... leading to the increase in FX reserves.
As of the end of May, South Korea had the ninth largest FX reserves in the world. China topped the list.
The Bank of Korea says the reserves totaled around four-hundred-70 billion U.S. dollars last month.
The weaker greenback raised the value of other foreign currency assets held by South Korea,... leading to the increase in FX reserves.
As of the end of May, South Korea had the ninth largest FX reserves in the world. China topped the list.