2023-08-02 21:37
Foreign reserves up for 2nd month in July on weak dollar
foreign reserves-July tallyForeign reserves up for 2nd month in July on weak dollar SEOUL, Aug. 3 (Yonhap) -- South Korea's foreign reserves increased for a second straight month in July as the U.S. dollar's fall boosted the conversion value of holdings in other currencies and increased investment returns, central bank data showed Thursday. The country's foreign reserves came to US$421.80 billion as of end-July, up $350 million from the previous month, according to the data from the Bank of Korea (BOK).
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