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KM Financial Solutions | S.Korea end-Aug foreign exchange reserves rise for sixth month
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S.Korea end-Aug foreign exchange reserves rise for sixth month

03 Sep S.Korea end-Aug foreign exchange reserves rise for sixth month

Posted at 21:00h in News by
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SEOUL, Sept 5 (Reuters) – South Korea’s foreign exchange
reserves rose for a sixth consecutive month in August to $384.84
billion, the central bank said on Tuesday, as the U.S. dollar
fell against a batch of other currencies in global markets.
Foreign exchange reserves in total held by the Bank of Korea
(BOK) rose by $1.08 billion in August, up from $383.76 billion a
month earlier.
The BOK linked the rise to a weaker greenback, which
increased the value of other currencies including

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