Korea's Foreign Reserves Hit Another Record
08 May, 2021
Korea's foreign-currency reserves reached another record of US$452.31 billion in late April, up $6.18 billion from per month earlier, the lender of Korea said Thursday.
The increase was because of a rise in the worthiness of other currencies against the dollar aswell as to an increase in proceeds from foreign currency assets.
Korea had the ninth-largest forex holdings in the world as of late March. China has the most with $3.18 trillion, accompanied by Japan with $1.37 trillion and Switzerland with $1.05 trillion.
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