May 08, 2015 11:14
Korea has regained the world's No. 6 spot in terms of foreign exchange reserves. According to the Bank of Korea on Thursday, the country's foreign exchange reserves stood at a record US$369.9 billion at the end of last month.
Korea overtook Brazil for the No. 6 spot in March. The South American country had $362.7 billion in foreign exchange reserves.
China ranked first with $3.73 trillion, followed by Japan ($1.25 trillion), Saudi Arabia ($698 billion), Switzerland ($582.4 billion) and Taiwan ($417.8 billion).
Korea's forex holdings grew steadily until July of last year when they reached $368 billion, but fell to $362.2 billion in January as the strengthened greenback drove euro- or pound-denominated reserves down.
- Copyright © Chosunilbo & Chosun.com