Forecast Trend Report by Period
South Korea’s foreign-exchange reserves rose slightly in June, supported by an increase in foreign-currency deposits at financial institutions.
The Bank of Korea said July 3 that the country’s foreign reserves stood at $427.36 billion at the end of June, up $370 million from $426.99 billion at the end of May. The central bank said the reserves increased modestly despite market-stabilization measures, including a foreign-exchange swap with the National Pension Service, as foreign-currency deposits at financial institutions grew.
By asset, securities totaled $380.34 billion, down $330 million from a month earlier. Special drawing rights fell $140 million to $15.64 billion, while the IMF reserve position declined $90 million to $4.31 billion. Deposits increased $920 million to $22.27 billion. Gold was unchanged at $4.79 billion.
As of the end of May, South Korea’s foreign-exchange reserves ranked 13th in the world. China held the largest amount at $3.4422 trillion, followed by Japan with $1.3059 trillion, Switzerland with $1.0767 trillion, Russia with $747.4 billion, India with $686.3 billion, Taiwan with $605.1 billion, Germany with $590.7 billion, Saudi Arabia with $487.9 billion, Italy with $452.2 billion, Hong Kong with $445.9 billion, France with $441.6 billion and Singapore with $430.1 billion.
Lee Su, Hankyung.com reporter, [email protected]
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