Alibaba group said to raise $21.8 billion in record U.S. IPO

Korea's FX reserves hit fresh record high in April

kh close

 

Published : 2014-05-08 09:01
Updated : 2014-05-08 09:01

South Korea's foreign exchange reserves set a record high in April on the rise in the value of non-dollar assets and investment profit, the central bank said Thursday.

The country's foreign reserves totaled a record US$355.85 billion as of end-April, up $1.5 billion from the previous month, according to the Bank of Korea (BOK).

It rose for the 10th straight month in April after declining the most in 13 months in June last year.

Foreign reserves consist of securities and deposits denominated in overseas currencies, International Monetary Fund reserve positions, special drawing rights and gold bullion.

The BOK said a weaker U.S. dollar boosted the dollar-conversion value of non-dollar assets, while investment profit also rose.

The euro appreciated 0.5 percent to the U.S. dollar last month, and the British pound gained 1.1 percent per the greenback.

As of the end of March, South Korea was the world's seventh-largest holder of foreign-exchange reserves. (Yonhap)

Photo News

티아라 효민 멋진 뒤태에 남심 흔들

섹시백 선발대회 몸매 뽐내는 참가자들

카자흐 女배구선수 초특급 미모, 전세계 ‘깜짝’