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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

S.Korea’s reserves top $300 bln for first time

Posted on 03 May 2011

South Korea’s foreign reserves surged in April to top $300 billion for the first time as the country’s buffer against financial turmoil posted a fourth straight record high.
South Korea’s official foreign reserves totaled $307.20 billion at the end of last month, the Bank of Korea announced Tuesday. That was $8.58 billion higher than the previous record of $298.62 billion set in March……………………………………….Full Article: Source


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