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South Korea's foreign exchange reserves edge down on-month in August

2018-09-05 0 Dailymotion

After five straight months of gains,... South Korea's foreign exchange reserves edged down on-month in August.<br /> The Bank of Korea says,... reserves amounted to 4-hundred-1-point-one billion U.S. dollars,....down one-point-three billion dollars from July.<br />The central bank said,.... the drop was largely due to the stronger U.S. dollar, which in turn decreased the value of the BOK's assets in other currencies. <br />As of the end of July, South Korea had the world's ninth largest foreign exchange reserves, with China topping the list. <br />

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