SEOUL, April 3 (Reuters) - South Korea's foreign reserves
barely rose in March as depreciation of currencies such as the
euro and the Japanese yen against the U.S. dollar
cancelled out management gains, the central bank said on
Foreign reserves held by Asia's fourth-largest economy
crawled up to $327.41 billion at end-March from $327.40 billion
at end-February, the Bank of Korea said in a statement.
According to the central bank, the euro fell 2.4 percent and
the yen slid 2.1 percent against the dollar during the month of
March. The central bank does not give out monthly breakdowns of
its foreign currency holdings.
South Korea had the world's seventh-largest foreign reserves
as of end-February, 90 percent of which were securities.
South Korean foreign reserves (in $ bln, at end-month):
Mar Feb Jan Dec Nov Oct Sept
327.41 327.40 328.91 326.97 326.09 323.46 322.01
(Reporting by Christine Kim; Editing by Kim Coghill)
Keywords: KOREA ECONOMY/RESERVES
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