South Korea’s foreign reserves posted the first fall in five months in November owing to the lower conversion value of non-U.S. dollar assets, central bank data showed Friday.
Foreign currency reserves amounted to 463.91 billion U.S. dollars at the end of November, down 5.3 billion dollars from the record high of 469.21 billion dollars tallied a month earlier, according to the Bank of Korea (BOK).
After breaking the previous records from July to October, the foreign reserves marked the first slide in five months last month as the strong dollar reduced the conversion value of non-U.S. dollar assets. —Xinhua
