S. Korea's FX reserves rose to record high of US$ 436 bil. in November
Arirang News
2020-12-03
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11월말 외환보유액 4,363.8억달러... 6달 연속 '사상 최대'
For the sixth straight month, South Korea's foreign exchange reserves have hit an all-time high.
The Bank of Korea said on Thursday that reserves amounted to some four-hundred-36 billion U.S. dollars in November,...an on-month increase of around 9-point-9 billion dollars.
The central bank attributed the rise to investment profits as well as the increased value of non-dollar assets due to the weak greenback.
As of the end of October, South Korea's FX reserves were the ninth largest in the world.
China topped the list.
For the sixth straight month, South Korea's foreign exchange reserves have hit an all-time high.
The Bank of Korea said on Thursday that reserves amounted to some four-hundred-36 billion U.S. dollars in November,...an on-month increase of around 9-point-9 billion dollars.
The central bank attributed the rise to investment profits as well as the increased value of non-dollar assets due to the weak greenback.
As of the end of October, South Korea's FX reserves were the ninth largest in the world.
China topped the list.
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