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Foreign Exchange Reserves Fall to $368.46 Billion

Written: 2015-12-03 08:45:13Updated: 2015-12-03 09:27:17

Foreign Exchange Reserves Fall to $368.46 Billion

South Korea's foreign exchange reserves have decreased for the first time in three months.
 
The Bank of Korea said Thursday that foreign exchange reserves fell one-point-14 billion U.S. dollars from the previous month to 368-point-46 billion dollars in November.
 
The central bank attributed the fall to a decline in the value of the country's foreign reserves held in non-dollar currencies such as the euro. This was led by the recent strength of the greenback due to a possible interest rate hike.
 
South Korea continued to hold the seventh largest foreign exchange reserves in the world as of the end of October, unchanged from the previous month. 

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