Seoul: 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.
According to Emirates News Agency, the country's foreign reserves stood at US$423.66 billion as of end-March, marking a decrease of $3.97 billion from the previous month, as reported by the Bank of Korea (BOK). This decline is noted as the most significant since April 2025, when the reserves fell by $4.99 billion on a monthly basis.
The foreign reserves had previously experienced a drop in December, marking the first decline since June, and continued to fall through January before witnessing a rise in February.
