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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

S.Korea FX reserves inch up

Posted on 05 November 2012

South Korea’s foreign reserves edged up by the smallest amount in five months in October, central bank data said on Monday, indicating policymakers have yet to take active steps in weakening the won against the dollar.
Foreign reserves in Asia’s fourth-largest economy rose by $1.45 billion, or 0.5 percent to a record $323.46 billion in October mostly on investment gains, extending its record-setting growth into the third month, Bank of Korea data showed………………………………………..Full Article: Source


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