Foreign reserves down in April for 2nd month on strong dollar
Published on: Tuesday 03 May 2022
South Korea's foreign reserves shrank for the second straight month in April as the strong dollar resulted in a fall in converted value of non-dollar holdings and the government unloaded the greenback to defend the local currency, central bank data showed Wednesday. The country's foreign reserves stood at $449.3 billion as of end-April, down $8.51 billion from the previous month, according to the data provided by the...
