Foreign reserves down in May on strong dollar

A clerk sorts US$100 banknotes at the headquarters of Hana Bank in Seoul on June 5, 2023. South Korea's foreign reserves came to US$420.98 billion as of end-May, down $5.7 billion from the previous month, as the dollar's ascent cut the conversion value of holdings in other currencies, central bank data showed. (Yonhap)

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