Arab Today, arab today south koreas foreign reserves fall for 2 months on strong dollar
Last Updated : GMT 16:59:01
Arab Today, arab today
Arab Today, arab today

South Korea's foreign reserves fall for 2 months on strong dollar

Arab Today, arab today

Arab Today, arab today South Korea's foreign reserves fall for 2 months on strong dollar

South Korea's foreign reserves
Seoul - XINHUA

 South Korea's foreign reserves fell for two months in a row as the strong dollar trend reduced the conversion value of non-dollar assets such as the European single currency and the British pound, central bank data showed Monday.
Foreign reserves were 364.41 billion U.S. dollars as of end- September, down 3.13 billion dollars from a month ago, according to the Bank of Korea (BOK). It marked the largest monthly decline since May 2012 when the reserves decreased 5.97 billion dollars.
The foreign reserves kept a record-breaking trend for 13 straight months from July 2013 before falling in August and September. The reserves have stayed above the 300 billion-dollar mark since April 2011 when it topped the level for the first time in the country's history.
Last month's reduction came as the euro and the pound depreciated versus the U.S. dollar, leading to a decrease in non- dollar assets converted into the greenback. The euro sank 3.7 percent to the dollar in September, with the pound sliding 2.1 percent.
The nation's foreign reserves consisted of 332.74 billion dollars of securities, 21.23 billion dollars of deposits, 4.79 billion dollars of gold bullion, 3.37 billion dollars of special drawing rights and 2.27 billion dollars of International Monetary Fund positions.
As of end-August, South Korea ranked the world's seventh largest holder of foreign reserves following China, Japan, Switzerland, Russia, China's Taiwan and Brazil. Enditem

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 koreas foreign reserves fall for 2 months on strong dollar Arab Today, arab today south koreas foreign reserves fall for 2 months on strong dollar

 



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 koreas foreign reserves fall for 2 months on strong dollar Arab Today, arab today south koreas foreign reserves fall for 2 months on strong dollar

 



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

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
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