South Korea's foreign reserves dropped by $4.28 billion in October to $415.69 billion.

South Korea's foreign reserves fell by $4.28 billion in October, reaching $415.69 billion, as reported by the Bank of Korea. This decline is attributed to the strong U.S. dollar, which reduced the value of non-dollar assets, and a decrease in deposits. The reserves, after three months of growth, consisted of various assets including securities and gold bullion. South Korea remains the ninth-largest holder of foreign reserves globally.

November 05, 2024
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