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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

S. Korean foreign reserves hit new high in Sept.

Posted on 05 October 2012

South Korea’s foreign currency reserves hit a new high last month due to a rise in conversion value of non-dollar assets and a growth in investment returns, a report by the central bank showed Friday.
Foreign reserves reached a fresh record high of 322.01 billion US dollars as of the end of September, up 5.13 billion dollars from a month earlier, according to the Bank of Korea (BOK). The September figure was higher than the previous record of 316. 88 billion dollars tallied in August, and stayed above the 300- billion-dollar mark since April 2011 when it topped the level for the first time………………………………………..Full Article: Source


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