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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

SKorea’s reserves hit second straight record high

Posted on 04 March 2011

From Businessweek.com: South Korea’s foreign currency reserves have hit a new record high for the second straight month. The Bank of Korea announced Thursday that the country’s official foreign reserves totaled $298 billion at the end of February. That was up $1.7 billion from the previous high of $296 billion in January.

South Korea’s reserves hit a series of records last year. Asian countries lead the world in reserve holdings…………………………………….Full Article: Source


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