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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

South Korean foreign currency reserves hit record high in July

Posted on 03 August 2010

From AP: South Korea’s foreign currency reserves rose to a record high in July, enlarging the country’s buffer against economic turmoil following a sharp decrease during the global financial crisis.
The reserves totaled $285.96 billion at the end of July, up $11.74 billion from $274.22 billion the previous month, the Bank of Korea said Tuesday in a statement……………………………………….Full Article: Source


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