Foreign Exchange Reserves End 7-Month Growth Streak

  • Arirang News

    October 13, 2017 09:25

    Foreign exchange reserves dipped for the first time in seven months in September.

    The Bank of Korea said on Thursday Korea's foreign exchange reserves stood at US$384.67 billion as of the end of September, down $170 million from the previous month.

    The BOK blamed the drop on the strengthening of the U.S. dollar against the euro, yen and other global currencies.

    Korea's reserves had risen from February to August, giving the country the world's ninth-largest foreign exchange holdings at the end of August.

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