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Forex Reserves Rise as Dollar Weakens

Arirang News | December 06, 2023 08:22
Korea's foreign exchange reserves rose in November for the first time in four months as the dollar weakened.According to the Bank of Korea on Tuesday, Korea's forex reserves stood at US$417 billion at the end of November, up over $4 billion from a month earlier and the first increase since the end of July.
/Newsis
The increase is attributed to the weaker greenback, which boosted the converted value of Korea's assets held in other currencies.

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