Seoul: The Republic of Korea's foreign reserves rose for the second consecutive month in July, led by increased investment returns and new issuance of foreign exchange stabilization bonds, the central bank said Tuesday. The country's foreign reserves stood at US$411.33 billion as of the end of July, up $1.13 billion from a month earlier, according to data from the Bank of Korea (BOK).
According to Emirates News Agency, this marked the second consecutive monthly rise, as the figure rebounded from its lowest level in about five years following a two-month losing streak in June. The country's International Monetary Fund (IMF) reserve positions had gained 1.12 percent to stand at $4.52 billion as of the end of July, the data showed.