In December of last year, Korea’s foreign exchange reserves increased by nearly $7 billion, rewriting a record high.
According to the Bank of Korea on the 6th, the amount of foreign exchange reserves as of the end of December last year was $431.3 billion, an increase of $6.72 billion from a month ago.
It has increased for 9 consecutive months since April of last year, and it has reached a record high for 7 consecutive months since June.
The BOK explained that foreign currency reserves increased due to an increase in the dollar conversion of foreign currency assets denominated in other currencies due to the weakening of the US dollar, an increase in reserves for payment of financial institutions, and income from foreign currency assets.
Securities, which account for most of the total assets, reached $49.84 billion, a surge of $15.2 billion in a month.
The’IMF position’, an exchangeable currency withdrawal right for the International Monetary Fund (IMF), increased by $420 million to $4.82 billion, and the IMF Special Drawing Rights (SDR) increased by $150 million to $3.37 billion. Was.
Deposits in banks fell from $29.92 billion at the end of November to $22.8 billion at the end of December, the only decline in the total assets.
In the case of gold, the price at the time of purchase was not reflected, so it was $4.79 billion as of the previous month.
Korea’s foreign exchange reserves were ranked 9th in the world as of the end of November last year ($436.4 billion).
China ($3.178 trillion), Japan ($1,384 trillion), and Switzerland ($1.35 trillion) ranked first and third.
/yunhap news
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