Bank of Korea (BOK) on Tuesday (January 3) published data show that as of the end of December 2011, Korea’s foreign exchange reserves to $ 306.4 billion, a decrease of $ 2.23 billion, for the second consecutive months of decline.

the world’s seventh largest. The central bank pointed out that since the debt crisis raging in Europe, the euro and sterling and other European currencies against the U.S. dollar, which led to the end of December due in part to reduce the foreign exchange reserves.

Bank of Korea also said that the end of December, 90.7% in South Korea’s foreign exchange reserves for the portfolio.

data show that in South Korea’s foreign exchange reserves, bonds and other securities of $ 277.94 billion, a decrease of $ 1.41 billion. In addition, the investment reserves of $ 20.29 billion, a decrease of $ 1.13 billion; International Monetary Fund (IMF) Special Drawing Rights (SDR) of $ 3.45 billion, a decrease of $ 40,000,000; IMF reserve position of $ 2.55 billion, chain increased $ 350 million; gold reserves of 21.7 billion U.S. dollars.

Korea’s foreign exchange reserves, in addition to dollars, the main non-monetary assets denominated in a higher proportion of South Korea’s foreign exchange reserves so greatly influenced by exchange rate changes. If the further spread of the debt crisis, the euro remained weak, the size of South Korea’s foreign exchange reserves could fall below $ 300 billion.

Tags: Korea

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