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South Korea's foreign reserves hit a five-year low amid efforts to stabilize its currency.
South Korea's foreign reserves fell to a five-year low of $411.01 billion in January, down $4.59 billion from the previous month, due to measures to stabilize the exchange market and a weakening local currency.
Foreign securities, including U.S. Treasuries, decreased by $4.65 billion.
Despite the decline, South Korea remains the ninth-largest holder of foreign reserves globally.
3 months ago
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