Korea's foreign exchange reserves have topped their record highs.

Korea's foreign exchange reserves have topped their record highs. 

According to the Bank of Korea (BOK) announcement on November 5, foreign reserves in Korea were $ 38.72 billion, as of the end of August, up $ 2.79 billion from the end of the previous month. 

An official of the Bank of Korea said, "The profitability of foreign currency asset management continued and the dollar value of other currencies denominated in foreign currencies increased due to the depreciation of the US dollar.

 

Foreign exchange reserves declined to a record high of just before August this year, reaching $ 388.44 billion. 

As of the end of October, Korea's foreign reserves are at the ninth place in the world. 

By asset size, securities accounted for the largest portion of $ 358.92 billion (92.7%), deposits and gold were $ 18.63 billion (4.8%) and $ 4.79 billion (1.2%), respectively. 

The International Monetary Fund's Special Drawing Rights (SDR) amounted to $ 3.28 billion (0.8 percent), while the IMF position (the right of the IMF to make available exchangeable currency from time to time) was $ 1.63 billion, or 0.4 percent, ).