Menu Content
Go Top


S. Korea's FX Reserves Hit Fresh High in July at over $458 Bln

Written: 2021-08-04 08:23:53Updated: 2021-08-04 10:46:11

S. Korea's FX Reserves Hit Fresh High in July at over $458 Bln

Photo : YONHAP News

South Korea's foreign reserves have hit another record high in July on increased returns on foreign currency assets. 

According to the Bank of Korea(BOK) on Wednesday, the nation's foreign currency reserves reached a fresh high of 458-point-seven billion U.S. dollars as of the end of last month, up four-point-six billion dollars from a month earlier. 

The previous record of 456-point-four billion dollars was set in May. 

The central bank said the rise in July is attributed to increased returns on its foreign currency assets and a rise in foreign currency deposits at financial institutions. 

As of the end of June, South Korea was the world's eighth largest holder of foreign exchange reserves. 

China topped the list at over three-point-one trillion dollars, followed by Japan and Switzerland.

Editor's Pick


This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >