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S. Korea's foreign exchange reserves fall to US$ 438.3 bil. in June Updated: 2022-07-05 13:40:10 KST

South Korea's foreign exchange reserves fell in June for a fourth month in a row, and it was the biggest decline since the 2008 global financial crisis.
The Bank of Korea said Tuesday that FX reserves, a barometer of financial stability, came to around four-hundred-38-billion U.S. dollars.
That's down about nine.four billion dollars on-month.
The BOK attributed the decline to the stronger dollar affecting non-dollar assets.
It's also due to a fall in deposits at financial institutions.
Around 90 percent of South Korea's FX reserves are securities.
As of the end of May, South Korea's reserves were the ninth largest in the world.
KOGL : Korea Open Government License
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