Korea's foreign reserve fell short of the IMF's advisory rating for three straight years. The International Monetary Fund (IMF)'s Assessing Reserve Adequacy on Wednesday rated Korea's foreign exchange reserve adequacy last year at 97 percent.
A bank employee sorts dollar bundles at Hana Bank's Counterfeit Notes Response Center in Jung District, central Seoul, on Wednesday. Korea's foreign exchange reserve in March stood at $426 billion, up $780 million on month.
Foreign exchange reserve decreased by $1.6 billion last month to $461.5 billion, shrinking for a third consecutive month, Bank of Korea announced Monday.
An employee poses with stacks of dollar bills at a Hana Bank branch in Jung District, central Seoul, on Thursday. According to data from the Bank of Korea (BOK), foreign exchange reserves came to $418.95 billion.
Korea JoongAng Daily Sitemap