(Bloomberg) -- South Korea's foreign-exchange
reserves, the world's fifth largest, fell for the first time in
a year as banks and the national pension fund bought overseas
currencies from the central bank to invest abroad.
The reserves declined to $250.7 billion in June, a $40
million drop from the previous month's record, the Bank of Korea
said in a statement in Seoul today. South Korea's reserves
include $218 billion of foreign securities such as U.S.
Treasuries.
Read more at Bloomberg Bonds News
reserves, the world's fifth largest, fell for the first time in
a year as banks and the national pension fund bought overseas
currencies from the central bank to invest abroad.
The reserves declined to $250.7 billion in June, a $40
million drop from the previous month's record, the Bank of Korea
said in a statement in Seoul today. South Korea's reserves
include $218 billion of foreign securities such as U.S.
Treasuries.
Read more at Bloomberg Bonds News
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