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S. Korea's Forex Reserves Post New High in April

Written: 2018-05-04 08:54:16Updated: 2018-05-04 08:58:04

S. Korea's Forex Reserves Post New High in April

South Korea’s foreign exchange reserves broke its record high from the previous month in April.  

The Bank of Korea said Friday that the nation’s foreign reserves stood at roughly 398-point-four billion dollars as of the end of last month, up nearly one-point-seven billion dollars from March when it had posted a new high.
 
The central bank attributed the record figure to gains from foreign currency-denominated assets.
 
As of the end of March, South Korea ranked ninth in terms of the amount of foreign exchange reserves in the world. China came in first with its reserves standing at around three trillion dollars followed by Japan with one-point-two trillion dollars. 






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