Arab Today, arab today south koreas foreign reserves post growth in february
Last Updated : GMT 21:53:08
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South Korea's foreign reserves post growth in February

Arab Today, arab today

Arab Today, arab today South Korea's foreign reserves post growth in February

The Bank of Korea
Seoul - QNA

The nation's foreign exchange reserves shifted to positive growth last month.
The Bank of Korea said Wednesday that forex reserves stood at 362-point-three billion dollars as of late February, up 180 million dollars from the previous month, according to Korea's (KBS WORLD) website.
The figure had been falling since peaking at 368 billion dollars last July due to a lower value of the euro and pound resulting from appreciation of the US dollar.
As of late January, South Korea was the world's seventh-largest holder of foreign reserves while China was number one with three-point-eight four trillion dollars.
Japan followed at one-point-six trillion dollars trailed by Saudi Arabia, Switzerland, Taiwan and Russia.

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