South Korea's FX reserves in March see biggest drop in more than 11 years

Arirang News 2020-04-03

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South Korea's foreign exchange reserves fell by the most in more than 11 years.
According to the nation's central bank March figures were down from February by 8-point-9-6 billion U.S. dollars, for a total of 4-hundred-point-2-1 billion.
That was the fastest on-month decline since November 2008.
The Bank of Korea largely attributed the drop to its intervention in the currency market... as well as the stronger greenback.

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