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South Korea's FX reserves in March see biggest drop in more than 11 years Updated: 2020-04-03 13:10:15 KST

South Korea's foreign exchange reserves fell in March by the most in more than 11 years.
The Bank of Korea said Friday that the country's FX reserves were down from a month earlier by 8.9-6 billion U.S. dollars, for a total of 4-hundred.2-1 billion.
That was the fastest on-month decline since November 2008.
The central bank largely attributed the drop to its intervention in the currency market as well as the stronger greenback that led to a cut in the U.S. dollar value of other currencies.
KOGL : Korea Open Government License
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