Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 29, 2013 13:45:28

South Korea gradually decreases in the proportion of U.S. dollar reserves



ColosseumSouth Korea, whose foreign exchange reserves Achieve high USD 327 billion, reduced by the annual report central bank holdings of USD to 57.3% of the reserves. Last year mala in USD allocated 60.5% of the reserves. In 2007, when the central bank began to publish the composition of foreign exchange reserves, the share was USD almost 65%. Korea buys instead of the dollar, especially Chinese equities and gold. Also other Asian countries decrease the ratio of the U.S. dollar in their foreign exchange reserves.

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