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Available Foreign Reserves Reaches 42.9 Billion Dollars

Sept 16,1998
Korea's available foreign exchange reserves reached 42.9 billion dollars.
The Bank of Korea announced on September 16 that foreign exchange reserves recorded 46.64 billion dollars as of September 15, therefore the available foreign reserves excluding overseas deposits of Korean banks reached 42.9 billion dollars, 1.57 billion dollars more than late August.
Meanwhile, Korean banks reimbursed 14.89 billion dollars among their debts to the Bank of Korea (BOK) from early this year to September 15.
According to this repayment, the BOK's foreign exchange loans to the commercial banks which swelled up to 23.29 billion dollars late last year decreased to 8.4 billion dollars as of September 15.


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