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S. Korean foreign assets drop USD2.8b in August
(MENAFN) Driven by the strong US dollar, South Korean foreign assets declined for two straight months.
Foreign reserves totaled to USD367.9 billion as of end- August, falling USD2.88 billion from a month earlier.
However, in the period from February to June foreign currency assets actually were progressing positively to hit USD374.7 billion.
The foreign reserves included USD336 billion of securities, USD22 billion of deposits and USD3.48 billion of special drawing rights among others.
Foreign reserves totaled to USD367.9 billion as of end- August, falling USD2.88 billion from a month earlier.
However, in the period from February to June foreign currency assets actually were progressing positively to hit USD374.7 billion.
The foreign reserves included USD336 billion of securities, USD22 billion of deposits and USD3.48 billion of special drawing rights among others.
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