Categories: World

Korea’s foreign exchange reserves drop in March

SEOUL,, 3rd April, 2026 (WAM) — South Korea’s foreign reserves posted their sharpest monthly decline in about a year in March amid a stronger dollar and authorities’ efforts to manage exchange rate volatility, the central bank said Friday.

Yonhap News Agency reported that the country’s foreign reserves stood at US$423.66 billion as of end-March, down $3.97 billion from a month earlier, according to the data from the Bank of Korea (BOK).

It was the sharpest decline since April 2025, when the amount fell by $4.99 billion on-month.

The reserves had fallen in December for the first time since June and continued to decline through January before rising in February.

Share this post:
wetelacademy@gmail.com

Share
Published by
wetelacademy@gmail.com

Recent Posts

NCM forecasts unstable weather across UAE until April 10

ABU DHABI, 3rd April, 2026 (WAM) -- The National Centre of Meteorology (NCM) has forecast…

56 minutes ago

Dubai Chambers discusses strengthening bilateral trade, investment with India

DUBAI, 3rd April, 2026 (WAM) -- Dubai Chambers recently organised a meeting with Dr. Deepak…

2 hours ago

EEG’s 29th Annual Corporate Gala Dinner Recognises 52 Entities & Reinforces Sustainability Leadership Amid Regional Uncertainty

Dubai, UAE – 26 March 2026: The Emirates Environmental Group (EEG) hosted its 29th Annual…

2 hours ago

Dubai Basketball one step away from playoff: EuroLeague

SARAJEVO, 3rd April, 2026 (WAM) -- The EuroLeague confirmed that Dubai Basketball’s recent victory over…

2 hours ago

Sharjah Private Education Authority discusses improving nursery performance

SHARJAH, 3rd April, 2026 (WAM) -- The Sharjah Private Education Authority (SPEA) reviewed developments in…

4 hours ago

UAE Olympic Committee reviews electoral, appeals regulations

DUBAI, 3rd April, 2026 (WAM) -- The UAE Olympic Committee reviewed electoral regulations governing sports…

6 hours ago