Bloomberg News

South Korea’s Foreign-Exchange Reserves Fall to $306.4 Billion

January 03, 2012

Jan. 3 (Bloomberg) -- South Korea’s foreign-exchange reserves fell by $2.23 billion to $306.4 billion at the end of December from a month ago as the euro and pound weakened against the dollar, the Bank of Korea said in a statement.

The central bank didn’t purchase more gold last month after buying 15 metric tons in November, according to the statement.

--Editor: Brett Miller

To contact the reporter on this story: Shinhye Kang in Seoul at skang24@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg


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