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.
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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