Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

S Korea Nov foreign currency reserves hit USD326.09b: CB  Join our daily free Newsletter

MENAFN - 05/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) The Bank of Korea (BOK) said that in November, the country's foreign reserves hit USD326.09 billion, up from USD323.46 billion in the previous month, reported Xinhua News.

In a bid to diversify its foreign reserves, the BOK increased its holdings of gold by 14 tons in the month to 84.4 tons, which represent 1.2 percent of its total foreign reserves, up from 0.9 percent in October.

The central bank said that since April 2011, South Korea's foreign reserves remained above the USD300 billion level.

It attributed the month's increase to a gain in investment returns that compensate a decline in conversion value of non-dollar denominated assets

It is worth noting that South Korean foreign reserves comprised USD299.03 billion of securities, USD17 billion of deposits, USD3.52 billion of special drawing rights (SDR), USD2.78 billion of International Monetary Fund (IMF) positions and USD3.76 billion of gold bullion.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help