Foreign Exchange Reserves Hit Record High

  • Arirang News

    February 11, 2019 09:27

    Korea's foreign exchange reserves rose to a fresh high last month, mainly due to a weaker dollar, the Bank of Korea said on Friday.

    The reserves stood at over US$405 billion in January, an increase of almost $2 billion from the month before rising for three straight months.

    The central bank attributed the trend to a depreciation of the greenback.

    As of the end of December, Korea had the eighth-biggest foreign exchange reserves in the world, with China topping the list. 

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