Yonhap News
FX reserve-June
SEOUL, July 2 (Yonhap) — South Korea’s foreign exchange
reserves dropped slightly in June from May as the central bank
sold some of its dollar holdings to bolster the local currency
amid spiraling inflation.
The nation’s foreign reserves fell to US$258.1 billion as of
the end of June from $258.2 billion a month earlier, the Bank of
Korea (BOK) said in a statement Wednesday.
Foreign reserves consist of securities and deposits denominated
in overseas currencies along with International Monetary Fund
reserve positions, special drawing rights and gold bullion.
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