RTTNews - South Korea's foreign exchange reserves rose for the fifth consecutive month in July, the Bank of Korea said Tuesday.
The foreign exchange reserves amounted to US$237.51 billion at the end of July, up US$5.78 billion from the previous month. The reserves increased mainly due to a US$440 million repayment by the state-run pension agency to the Bank of Korea. This was part of a currency swap arrangement by the pension agency with the central bank, the report said.
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