Korea’s foreign exchange reserves in July
Seoul on August 5/ WAM/ Central Bank of Korea announced today, Tuesday, that the foreign exchange reserves of the Republic of Korea witnessed an increase for the second month in a row last July, due to the increase in investment returns and the issuance of new bonds to install the foreign exchange rate.
The country’s foreign exchange reserves reached $ 411.33 billion at the end of July, an increase of $ 1.13 billion over the previous month, according to data from the Central Bank of Korea.
This is an increase for the second month in a row, as the amount increased from its lowest level in about 5 years after a series of losses that lasted two months in June.
The value of foreign securities, such as US Treasury bonds, reached 365.1 billion dollars at the end of July, an increase of $ 6.56 billion over the previous month, and formed 88.8% of foreign reserves.
The country’s reserve position at the International Monetary Fund increased by 1.2% to $ 4.52 billion at the end of July.
The Republic of Korea was in the tenth place in the world at the end of last June in terms of the volume of foreign exchange reserves.
– Khal –
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