Forex Reserves Continue to Decline
September 2, 2008 
The nation’s foreign exchange reserves are continuously declining.
The Bank of Korea said Tuesday that as of the end of August, the nation
held 243-point-two billion U.S. dollars in forex reserves, down about
four-point-three billion from the end of July.
In July, the figure posted the highest-ever monthly decrease of about ten-and-a-half billion dollars.
The central bank said that while foreign reserves fell in June after
financial authorities implemented measures to stabilize the market, the
drop in July’s foreign reserves came as a stronger greenback lowered
the dollar value of assets in the euro and the yen.
In late July, China ranked first in total foreign reserves followed by
Japan and Russia. India came in fourth followed by Taiwan and South
Korea.









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