SEOUL, March 30 (Reuters) - The ratio of U.S.
dollar-denominated assets in South Korea's foreign exchange
reserves climbed to the highest on record at the end of 2022 on
the dollar's rally during the year, the country's central bank
said on Thursday.
The Bank of Korea said in its annual report that U.S. dollar
assets accounted for 72.0% of the total foreign exchange
reserves, up from 68.3% a year before and the highest since
2007, when annual data began to be released by the central bank.
It said the increased ratio of dollar assets was related to
the currency's strength against most other currencies, although
it did not disclose further details such as figures for other
currencies.
South Korea's foreign exchange reserves, measured in U.S.
dollars, amounted to $423.16 billion at the end of 2022, marking
the ninth-largest in the world, the central bank said.
The ratio of stocks rose to 11.4% of the total reserves at
the end of 2022 from 10.4% a year before, also marking the
highest on record, although it was still small compared to about
80% for bonds.
(Reporting by Choonsik Yoo; Editing by Muralikumar
Anantharaman)
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