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Economy Country 2026-04-03T11:30:22+00:00

South Korea's reserves fall to yearly low

South Korea's central bank reported the largest monthly drop in foreign reserves in a year. Reserves fell by $3.97 billion due to dollar strength and exchange rate stabilization measures.

South Korea's reserves fall to yearly low

The South Korean central bank announced today that its foreign exchange reserves recorded the largest monthly drop in nearly a year in March amid a rising US dollar and authorities' efforts to control exchange rate volatility. According to Yonhap news agency, data from the Bank of Korea showed the country's foreign reserves stood at $423.66 billion at the end of March, down $3.97 billion from the previous month. This marks the largest decline since April 2025, when reserves fell by $4.99 billion on a monthly basis.

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