South Korea’s Currency Reserves Fall to $306.4 Billion as Dollar Advances
By Shinhye Kang -
2012-01-02T21:00:00Z
South Korea’s foreign-exchange reserves fell by $2.23 billion to $306.4 billion at the end of December from a month earlier as the euro and pound weakened against the dollar, the Bank of Korea said in a statement.
The central bank didn’t purchase more gold last month after buying 15 metric tons in November, according to the statement.
To contact the reporter on this story: Shinhye Kang in Seoul at skang24@bloomberg.net
To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg
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