South Korea’s foreign exchange reserves have surpassed 375 billion dollars for the first time.

According to the Bank of Korea(BOK) on Monday, the country’s foreign exchange reserves came to 375-point-46 billion dollars in August, up by four-point-08 billion dollars from July.

It marks the highest figure ever recorded, surpassing the previous record set in June last year at 374-point-74 billion dollars.

It is also the second straight month for foreign exchange reserves to grow, following a one-point-49 billion-dollar hike in July from June.

A BOK official attributed the increase to gains from the central bank’s management of foreign assets, as well as the rise in the value of foreign currencies when converted into dollars.