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FX Reserves Grow 2 Months in Row to $369.6 Billion

Written: 2015-11-04 10:34:15Updated: 2015-11-04 11:03:36

FX Reserves Grow 2 Months in Row to $369.6 Billion

South Korea's foreign exchange reserves have increased for the second month in a row.
 
The Bank of Korea said Wednesday that the foreign exchange reserves rose one-point-49 billion U.S. dollars from the previous month to 369-point-six billion dollars in October.
 
The reserves had grown 180 million dollars in September.
 
Foreign reserves held in securities, including overseas bonds, rose 260 million dollars from a month earlier to 334-point-six billion dollars while overseas deposits gained one-point-26 billion dollars on month to 25-point-34 billion dollars.
 
The central bank's gold bullion holdings came to four-point-79 billion dollars at the end of October, unchanged from the previous month.
 
South Korea had the seventh largest foreign exchange reserves in the world as of the end of September, following China, Japan, Saudi Arabia, Switzerland, Taiwan and Russia. 

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