South Korea's foreign exchange reserves fell in October

Monday, 1440/27 AH corresponding to 2018/11/05 SPA

Seoul, February 26, 2018
South Korea's foreign exchange reserves fell slightly in October, amid the bullish move of the US dollar.
The country's total foreign currency reserves fell $ 250 million to $ 402.75 billion by the end of last month, the Yonhap news agency said on Tuesday.
South Korea's central bank explained that the rise in the dollar contributed to lower the conversion value of the basket of other currencies, with the dollar index rising 2.2 percent in October on the basket of the six major economies, adding that in September South Korea occupied the center. Eighth in terms of foreign exchange reserves.
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