South Korea's foreign exchange reserves fell for the second consecutive month in September, the central bank said Monday. The FX reserves totaled US$364.41 billion as of the end of September, down $3.13 billion from a month earlier, according to the Bank of Korea (BOK).
BOK officials attributed the decrease to the weakening euro and British pound against the U.S. dollar.
The country's FX reserves had risen for the 13th consecutive month in July since July 2013 before showing a downward trend beginning in August.
reporter
Park Sae-jin
swatchsjp@ajunews.com
