Low foreign exchange reserves in Korea

The Central Bank of Korea announced today that foreign exchange reserves recorded their largest monthly decline in about a year last March, amid the rise in the value of the US dollar and the authorities’ efforts to control exchange rate fluctuations.

According to Yonhap News Agency, data from the Central Bank of Korea showed that the country’s foreign currency reserves amounted to 423.66 billion US dollars at the end of March, a decrease of 3.97 billion US dollars from the previous month.

This is the largest decline since April 2025, when reserves fell by $4.99 billion on a monthly basis.