Forex Reserves Grow for 1st Time in 5 Months

  • Arirang News

    August 04, 2022 08:23

    Korea's foreign-currency reserves increased for the first time in five months last month.
    According to the Bank of Korea on Wednesday, the country's foreign reserves in July were worth US$438.61 billion, up $330 million from the month before, when Korea had the world's ninth biggest forex reserves.
    The central bank attributed the increase to higher profits from investments and expanded foreign currency deposits by financial institutions last month.
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