Korea's foreign reserves fell from a month earlier in February to reach the lowest level in nearly five years amid the weak local currency, central bank data showed Thursday.
Korea's foreign reserves fell from a month earlier to reach the lowest level in nearly five years amid the weak local currency, central bank data showed Wednesday.
In December, foreign currency deposits increased to $101.3 billion, driven by corporate demand for dollar holdings.
Korea's foreign reserves grew in April as the dollar's descent increased the conversion value of holdings in other currencies, central bank data showed Thursday.
An employee sorts currency at Hana Bank’s Counterfeit Notes Response Center in Jung District, central Seoul, on Nov. 3rd.
Korea’s foreign reserves fell for the third consecutive month in October.
Korea's foreign exchange reserves increased slightly in July, ending four straight months of decreases.
The won renewed a 13-year low against the dollar on Friday, punching through the 1,320-won mark.
The won continued its rapid retreat as investors rushed to safer havens and higher yields.
Korea JoongAng Daily Sitemap
