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S. Korea's foreign exchange reserves hit record high at US$403 bil. in September

2018-10-04 0 Dailymotion

South Korea's foreign exchange reserves hit record high in September...after an on-month drop in August. <br /> According to Bank of Korea on Thursday, reserves amounted to 4-hundred-and-three billion U.S. dollars...up 1-point-87 billion from August. <br />This comes after setting five straight months of record highs from March to July...and an on-month drop in August. <br />The central bank attributed the hike to rise in profits from foreign assets and issuance of foreign exchange stabilization fund bonds.<br />Meanwhile, as of the end of August this year, Korea's foreign reserve holdings ranked the 8th largest in the world...with China topping the list. <br />

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