Korea’s Reserves Reach Record High 315.95 Billion in March
According to the press release, “Korea’s official foreign reserves as of the end of March 2012 amounted to 315.95 billion dollars, an increase of 0.15 billion dollars from 315.80 billion dollars at the end of the preceding month. This gain was attributable mainly to an increase in the operating profits on the reserves, offsetting decreases in the U.S. dollar translation values of reserves denominated in other currencies including the euro and the yen in line with their depreciations against the dollar.
As of the end of March 2012, Korea’s official foreign reserves (315.95 billion dollars) consisted of securities valued at 284.59 billion dollars (90.1%), deposits of 22.99 billion dollars (7.3%), SDRs of 3.54 billion dollars (1.1%), the country’s IMF reserve position of 2.66 billion dollars (0.8%), and 2.17 billion dollars in gold (0.7%).”
Read more: Press Release
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