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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

South Korea’s foreign reserves fall

Posted on 06 June 2013

South Korea’s foreign reserves fell last month as the US dollar appreciates, which was caused by expectations for the early end of quantitative easing reduced the conversion value of non-dollar assets, central bank data showed Wednesday.
Foreign reserves were $328.1 billion as of the end of May, down from $328.8 billion in the prior month, according to the Bank of Korea (BOK). The BOK attributed the fall to a slide in the conversion value of non-dollar assets such as the European single currency and the British pound………………………………………..Full Article: Source


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