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FRI, 2014-11-28  KST

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Korea's foreign reserves hit record high for 9th straight month in March
Updated: 2014-04-03 14:29:07 KST

Korea's foreign exchange reserves hit yet another record high in March, making it the ninth record-breaking month on the bounce.
The nation's central bank said Thursday that the figure rose to above 350 billion U.S. dollars as of the end of last month, up 2-and-a-half billion dollars from February.
The Bank of Korea attributes the increase to the weak U.S. dollar that pushed up the value of non-dollar assets and a rise in investment profits.
Korea has the seventh largest foreign reserves in the world.

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