Foreign Reserves and Foreign Currency Reserves

foreign currency reserves: The country foreign currency reserves had maintained a record- breaking trend for 13 straight months from July 2013, but it began to decline from July 2014 before rebounding in December in five months, according to Global Times China. The foreign reserves consisted of 334.62 billion dollars of securities, 17.72 billion dollars of deposits, 4.79 billion dollars of gold bullion, 3.19 billion dollars of special drawing rights and 1.86 billion dollars of International Monetary Fund positions and Foreign reserves were 362.19 billion US dollars as of end- January, down 1.41 billion dollars from a month earlier, according to the Bank of Korea BOK . The January fall came as the strong dollar reduced the value of non-dollar assets converted into the US currency. The euro and the British pound slid 6.8 percent and 3.1 percent each versus the greenback in January, with the Australian dollar falling 4.9 percent. (news.financializer.com). As reported in the news.

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