After five straight months of gains,... South Korea's foreign exchange reserves edged down on-month in August.
The Bank of Korea says,... reserves amounted to 4-hundred-1-point-one billion U.S. dollars,....down one-point-three billion dollars from July.
The central bank said,.... the drop was largely due to the stronger U.S. dollar, which in turn decreased the value of the BOK's assets in other currencies.
As of the end of July, South Korea had the world's ninth largest foreign exchange reserves, with China topping the list.