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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

S.Korea’s foreign reserves keep record-breaking trend in November

Posted on 05 December 2012

South Korea’s foreign currency reserves maintained their record-breaking trend for four straight months in November amid the persistent current account surplus, central bank data showed Wednesday.
Bank of Korea (BOK) lifted its gold holdings by 14 tons last month in a bid to diversify its foreign reserves. Foreign reserves reached a fresh monthly high of 326.09 billion U.S. dollars as of the end of November, up from the previous record high of 323.46 billion dollars for October, according to the BOK………………………………………Full Article: Source


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