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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Korea: Currency reserves decline

Posted on 04 March 2010

From Joongang Daily: Korea’s foreign reserves dropped by the largest amount in 15 months due to the devaluation of European currencies amid global financial instability, according to the Bank of Korea.

The central bank also announced yesterday that Korea’s long-term foreign debt last year reached a new record high as government and financial institutions issued overseas bonds in order to secure financing…………………………………….Full Article: Source


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