Foreign reserves up for 2nd month in July on weak dollar

Foreign reserves up for 2nd month in July on weak dollar

A clerk sorts US$100 banknotes at the headquarters of Hana Bank in Seoul on Aug. 3, 2023. South Korea's foreign reserves increased for a second straight month in July as the U.S. dollar's fall boosted the conversion value of holdings in other currencies and increased investment returns. The country's foreign reserves came to US$421.80 billion as of end-July, up $350 million from the previous month, according to data from the Bank of Korea. (Yonhap)

(END)

(C) Yonhap News Agency. All Rights Reserved