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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

South Korean foreign currency reserves hit fresh record high in January

Posted on 07 February 2011

From Latimes.com: South Korea’s foreign currency reserves hit a new record high in January amid strength in the euro and British pound, the central bank said Monday. The country’s official foreign reserves totaled $295.96 billion at the end of last month, up $4.39 billion from $291.57 billion in December, the Bank of Korea said in a statement.
January’s figure bested the previous all-time high set in October, according to central bank data……………………………………….Full Article: Source


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