World

S. Korea's foreign reserves hit record high in July

SEOUL
2021-08-04 12:16

Already collect



SEOUL, Aug. 4 (Xinhua) -- South Korea's foreign reserves hit a record high last month due to an increased investment return, central bank data showed Wednesday.

Foreign currency reserves reached a new high of 458.68 billion U.S. dollars at the end of July, up 4.58 billion dollars from a month earlier, according to the Bank of Korea (BOK).

It was attributed to the growth in investment return and the expanded foreign-currency deposits held by domestic financial institutions.

The country's foreign reserves were composed of 414.9 billion dollars of securities, 30.81 billion dollars of deposits, 4.79 billion dollars of gold bullion, 3.5 billion dollars of special drawing rights (SDR) and 4.67 billion dollars of IMF position.

South Korea was the world's eighth-largest holder of foreign reserves as of the end of June, unchanged from the previous month.
Related News
Add comments

Latest comments

Latest News
News Most Viewed