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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

South Korean foreign currency reserves hit new record high, increasing crisis buffer

Posted on 03 February 2010

From AP: South Korea’s foreign currency reserves swelled to a new record high in January, adding to the country’s buffer against economic and financial turmoil.

The reserves totaled $273.7 billion at the end of January, up $3.7 billion from $270 billion at the end of December, the Bank of Korea said in a statement……………………………………Full Article: Source

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