Foreign exchange reserves rise by USD 4 billion in September...the impact of the dollar's weakness

Foreign exchange reserves increased by more than $4 billion last month.

According to the foreign exchange reserves statistics released by the Bank of Korea today (7th), it was $419.97 billion as of the end of September, up $4.05 billion from August.

The Bank of Korea analyzed that foreign currency deposits at financial institutions increased and the dollar conversion of foreign currency assets in other currencies increased due to the weak U.S. dollar.