Korea'S Foreign Exchange Reserves Hit A New High

2011/3/4 9:34:00 45

Foreign Exchange Reserves Hit A New High

South Korea's central bank, the Bank of Korea, released data in March 3rd, saying that as of the end of February, South Korea

foreign exchange

The reserves amounted to US $297 billion 670 million, an increase of US $1 billion 710 million, and Korea's foreign exchange reserves hit a new high.

data

It shows that in the Korean foreign exchange reserves, treasury bonds and other securities amounted to 265 billion 910 million US dollars, accounting for foreign exchange.

Total reserves

89.3%; the investment reserve amounted to US $26 billion 820 million, an increase of US $1 billion 770 million over last month; the amount of gold reserves was basically the same as that of last month.

South Korea's central bank said that the strength of the euro and sterling has increased the value of the euro and Sterling assets into dollars, plus the increase in investment income and other factors, which has increased the amount of foreign exchange reserves in South Korea.

However, due to factors such as rising international oil prices and rising raw material prices, it is still hard to predict whether the scale of foreign exchange reserves in South Korea will continue to grow in March.