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Strategies & Market Trends : YellowLegalPad

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From: John McCarthy	2/17/2006 8:08:11 AM
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DEZ Korea's Foreign Reserves Korea's Foreign Reserves Fall Marginally Korea's foreign exchange reserves fell marginally from two weeks ago as the strengthening U.S. dollar eroded the conversion value of non-dollar assets. The Bank of Korea says the nation's foreign reserves stood at US$216 billion as of Wednesday, down some US$550 million from the end of January. Foreign exchange reserves consist of securities and deposits denominated in foreign currencies and gold bullion. Korea has the world's fourth largest foreign exchange reserves after Japan, China and Taiwan. Arirang News

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