S.Korea's foreign reserves keep rising for 6 months
Source: Xinhua | 2020-10-08
South Korea's foreign reserves kept rising for the sixth straight month due to an increased return on investment, central bank data showed Wednesday.
Foreign currency reserves amounted to 420.55 billion U.S. dollars as of the end of September, up 1.59 billion dollars from a month earlier, according to the Bank of Korea (BOK).
The reserves continued to grow amid the expanded investment return, the BOK said.
The country's foreign reserves were composed of 379.08 billion dollars of securities, 29.15 billion dollars of deposits, 4.79 billion dollars of gold bullion, 3.18 billion dollars of special drawing rights (SDR) and 4.34 billion dollars of IMF positions.
South Korea was the world's ninth-largest holder of foreign reserves as of the end of August, unchanged from the previous month.
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