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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

S. Korea’s foreign reserves hit all-time high in Nov

Posted on 02 December 2009

From Yonhap: South Korea’s foreign exchange reserves rose to a record high in November as a weaker U.S. dollar boosted the conversion value of assets in other currencies and investment profits gained, the central bank said Wednesday.

The nation’s foreign reserves totaled US$270.89 billion as of the end of November, up $6.7 billion from the previous month and the ninth straight monthly gain, according to the Bank of Korea (BOK)……………………………Full Article: Source

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