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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

S Korea’s foreign exchange reserves rise to 15-month high in September

Posted on 06 October 2009

From Xinhua: South Korea saw its foreign exchange reserves jump to a 15-month high in September mainly due to a rise in the U.S. dollar-converted value of assets denominated in other currencies, the central bank said Tuesday.

According to the Bank of Korea (BOK), South Korea’s foreign reserves amounted to 254.25 billion dollars, marking an on-month rise of 8.79 billion dollars……………….Full Article: Source

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