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FX reserves in July rise for 2nd straight month to USD 427.95B
- Source
- korea.net
- Date
- 2026.08.11
The Bank of Korea on Aug. 5 said foreign exchange reserves rose for the second consecutive month in July thanks to the issuance of new foreign exchange stabilization bonds. Shown is an employee that day sorting the USD at Hana Bank's Counterfeit Response Center in Seoul's Jung-gu District. (Yonhap News)By Xu Aiying
The country's foreign exchange reserves in July rose for the second consecutive month thanks to factors like new issuance of foreign exchange stabilization bonds.
The Bank of Korea on Aug. 5 said the figure reached USD 427.95 billion late last month, up USD 590 million from USD 427.36 billion in June.
The central bank said that despite foreign exchange swaps with the National Pension Service, the figure rose because of the issuance of the bonds, investment returns and rise in the USD value of foreign currency assets.
By asset type, deposits rose by USD 860 million to USD 23.13 billion. Special drawing rights increased by USD 60 million to USD 15.7 billion while the country's IMF reserve position edged up USD 10 million to USD 4.32 billion.
Securities holdings fell USD 340 million to USD 380.01 billion but gold reserves remained unchanged at USD 4.79 billion since they are valued at their purchase price.
As of late June, Korea ranked 10th in foreign currency reserves, climbing three places from 13th in May ahead of Singapore, Italy and France.
xuaiy@korea.kr