(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.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.