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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Korea: Foreign reserves fall by most in nearly 3 years

Posted on 05 October 2011

Korea’s foreign exchange reserves fell by the most in nearly three years in September due mainly to the weaker dollar conversion value of non-dollar assets and suspected dollar-selling intervention.
The country’s foreign reserves reached $303.38 billion as of the end of September, down $8.81 billion from the previous month, the Bank of Korea (BOK) said Wednesday……………………………………….Full Article: Source


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