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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 the Bank of Korea on Thursday..., the reserves amounted to 4-hundred-and-three billion U.S. dollars...up 1-point-8-7 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 a rise in profits from foreign assets and the issuance of foreign exchange stabilization fund bonds.<br />As of the end of August this year, South Korea's foreign reserve holdings ranked the eighth largest in the world...with China topping the list. <br />

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