Appreciating the dollar
Published: 07 Jun. 2022, 17:39
![Dollars are fanned out at Hana Bank in Seoul on Tuesday. According to the Bank of Korea, Korea’s foreign reserves in May amounted to $447.7 billion, nearly $1.6 billion less than in April. Korea’s foreign reserves have been shrinking for three straight months as the dollar has been appreciating against the Korean won. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2022/06/07/04daf171-bd36-48ac-823f-4293f6e6aa8a.jpg)
Dollars are fanned out at Hana Bank in Seoul on Tuesday. According to the Bank of Korea, Korea’s foreign reserves in May amounted to $447.7 billion, nearly $1.6 billion less than in April. Korea’s foreign reserves have been shrinking for three straight months as the dollar has been appreciating against the Korean won. [YONHAP]
with the Korea JoongAng Daily
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