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Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Weekly Briefs (May 6 - 10)

Weekly Briefs (May 6 - 10)

May 13, 2013

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Monday, May 6
The country's foreign exchange reserves expanded US$1.39 billion from a month earlier to US$328.8 billion at the end of April, said the Bank of Korea (BOK). The increase was attributable to the rising conversion value of euro-denominated assets as well as higher management profits from foreign currency-denominated assets, explained the central bank. In that month, reserves were comprised of securities at US$299.45 billion (91.1%), deposits at US$18.44 billion (5.6%), gold at US$4.79 billion (1.5%), special drawing rights at US$3.44 billion (1%) and International Monetary Fund reserve positions at US$2.67 billion (0.8%).

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