Arab Today, arab today south korea’s foreignexchange reserves hit record high in july
Last Updated : GMT 06:37:29
Arab Today, arab today
Arab Today, arab today

South Korea’s foreign-exchange reserves hit record high in July

Arab Today, arab today

Arab Today, arab today South Korea’s foreign-exchange reserves hit record high in July

?Seoul - QNA

South Korea’s foreign-exchange reserves rose to a record high in July following the largest fall in 13 months in June as a weaker US dollar raised the conversion value of non-dollar assets, the central bank said Monday. The country’s foreign reserves reached US$329.71 billion as of end-July, up $3.27 billion from the previous month, according to the Bank of Korea (BOK). The FX reserves fell by $1.66 billion in June, the largest monthly decline since May 2012, due mainly to repayment of maturing currency stabilization bonds, according to South Korea’s (Yonhap) News Agency. The previous record high of the FX reserves was $328.91 billion tallied in January. Foreign reserves consist of securities and deposits denominated in overseas currencies, along with International Monetary Fund reserve positions, special drawing rights and gold bullion. The BOK said that the investment profit gained ground and the strength in the euro and the yen raised their dollar conversion value, boosting the reserves. Korea’s growing FX reserves and the current account surplus serve as buffers for the local financial markets as global markets remain on edge amid speculation over US stimulus tapering. Despite monthly fluctuations, the FX reserves have been on the rise, aided by the continued trade surplus and foreign capital inflows. As of the end of June, South Korea was the world’s seventh-largest holder of foreign-exchange reserves.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea’s foreignexchange reserves hit record high in july Arab Today, arab today south korea’s foreignexchange reserves hit record high in july

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today south korea’s foreignexchange reserves hit record high in july Arab Today, arab today south korea’s foreignexchange reserves hit record high in july

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday