(MENAFN- Qatar News Agency) Oul june 05 (qna) - south korea's foreign exchange reserves posted a new high last month marking the eleventh record-breaking month in a row.
the bank of korea on thursday said south korea held a record of 360.9 billion us dollars in foreign exchange reserves at the end of may up nearly 5.1 billion dollars from the previous month according to korea's (kbs world) website.
the may gain is attributed to a rise in operating profits from foreign currency assets. securities which make up 91.5% of foreign exchange reserves stood at 330 billion dollars at the end of may up some 4.1 billion dollars from april.
south korea held the seventh largest foreign exchange reserves in the world as of the end of april. china held the largest with 3.9 trillion dollars followed by japan switzerland and russia. (qna)
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