S. Korea's foreign exchange reserves falls in Nov., first fall in five months
Updated: 2021-12-03 05:40:39 KST
South Korea's foreign exchange reserves fell in November, for the first time in five months.
The Bank of Korea says the reserves, a barometer of financial stability, amounted to 463.9 billion U.S. dollars last month.
This is down 5.3 billion dollars from the record high of 469 billion seen in October.
The central bank attributed the drop to a significant fall in deposits denominated in foreign currencies.
As of the end of November, South Korea was the world's eighth largest holder of FX reserves.