Mon, 17 May 2021

SEOUL, March 4 (Xinhua) -- South Korea's foreign reserves hit a new record high last month as the weak U.S. dollar increased the conversion value of non-dollar assets, central bank data showed Thursday.

Foreign currency reserves reached 447.56 billion U.S. dollars as of the end of February, up 4.83 billion dollars from a month earlier, according to the Bank of Korea (BOK).

The dollar index, which measures the dollar value versus six major peers, declined 0.4 percent from a month earlier to 90.13 at the end of February.

The country's foreign reserves were composed of 409.63 billion dollars of securities, 24.74 billion dollars of deposits, 4.79 billion dollars of gold bullion, 3.59 billion dollars of special drawing rights (SDR) and 4.81 billion dollars of IMF position.

South Korea was the world's ninth-largest holder of foreign reserves at the end of January, unchanged from the previous month.

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