The Bank of Korea(BOK) announced on Thursday that U.S. dollars account for nearly 67 percent of its foreign exchange reserves, the highest level to be posted since 2007 when the bank began to reveal related statistics.
According to the bank’s 2015 annual report, U.S. dollars accounted for 66-point-six percent of the bank’s assets denominated in foreign currency at the end of last year, up four-point-one percentage points from the same period last year.
The percentage stood at 63-point-seven percent in 2010, 60-and-a-half percent in 2011, 57-point-three percent in 2012 and 58-point-three percent in 2013.
Other currencies, including the euro, yen and pound, accounted for 33-point-four percent of the bank’s overall foreign reserves.
Such assets are estimated by excluding gold, International Monetary Fund’s positions and special drawing rights from foreign exchange reserves.
According to the report, the country's foreign exchange reserves stood at 367-point-nine billion dollars at the end of last year, up more than four billion won from a year earlier.