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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

S.Korea November FX reserves drop $11.7 bln, seen falling more

Posted on 03 December 2008

From Guardian: South Korea’s foreign reserves dropped by $11.7 billion in November to their lowest level in almost four years, a reflection of liquidity injections into the banking system to combat the global credit crisis.

Statements from the central bank and the finance ministry suggested reserves would continue to fall as they spend dollars to keep the financial system stable….. Full Article: Source


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