Foreign Exchange Reserves Decrease by $1.8 Billion in a Month to $409.2 Billion,
Choi Sang-mok, Acting President and Deputy Prime Minister cum Minister of Strategy and Finance, speaks at a macroeconomic and financial issues meeting at the government complex in Seoul on the 7th. Ministry of Strategy and Finance,
,
, ‘Acting President Choi Sang-mok, who is also the Deputy Prime Minister and Minister of Strategy and Finance, instructed on the 7th to quickly prepare additional measures to rationalize regulations related to foreign currency inflows and outflows.’,
,
, ‘At the macroeconomic and financial issues meeting held that morning, Acting President Choi stated, “Amid growing external uncertainties, imbalances in foreign exchange supply and demand are appearing due to the expansion of domestic residents’ overseas securities investments.” The meeting was attended by Bank of Korea Governor Lee Chang-yong, Financial Services Commission Chairman Kim Byung-hwan, and Financial Supervisory Service Governor Lee Bok-hyun.’,
,
, ‘According to the Bank of Korea, last month’s foreign exchange reserves decreased by $1.8 billion from the previous month to a total of $409.21 billion. This is the lowest level in 4 years and 9 months since the end of May 2020 ($407.3 billion). The foreign exchange reserves had increased by $12 billion by the end of last year to $415.6 billion, but decreased for two consecutive months in January ($4.6 billion decrease) and February this year.’,
,
, ‘In addition, Acting President Choi mentioned, “Recently, the financial and foreign exchange markets are facing significant external uncertainties due to the U.S.’s new tariffs and the responses of major countries, as well as geopolitical factors,” and requested, “Please remain highly vigilant and closely monitor global economic and financial market trends 24 hours a day.”’,
,
,