South Korea's foreign exchange reserves exceed $ 400 billion for the first time



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  South Korea's foreign exchange reserves exceed $ 400 billion for the first time
South Korea's foreign exchange reserves exceed $ 400 billion for the first time

Foreign exchange reserves of South Korea exceed for the first time the 400 billion dollars, foreign exchange reserves of South Korea exceed for the first time the 400 billion dollars. 9659004] Data from the Central Bank of Korea (CBK) released this morning show that South Korea's foreign exchange reserves increased to more than $ 400 billion for the first time in late June. The total value of foreign exchange reserves reached $ 400.3 billion at the end of June, up $ 1.32 billion from the previous month, with foreign exchange reserves exceeding $ 300 billion in April, reported 39 South Korean news agency Yonhap. The hurdle of $ 200 million in February 2005 and $ 100 billion in September 2001. The foreign exchange reserve includes securities and deposits in foreign currencies as well as IMF reserve deposits, SDRs and bullion d & # 39; gold. The country's net reserves amounted to $ 1.91 billion at the end of June, while the value of gold bullion held by the central bank remained unchanged at $ 4.79 billion at the end of June. during the period, according to the data.
Ninth in the world in terms of volume of foreign exchange reserves at the end of May, on the list led by Beijing, Japan and Switzerland.

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