International Finance Division,
International Department,
The Bank of Korea
Tel : 822-759-5734
Fax : 822-759-5736


Official Foreign Reserves
(as of January 15, 1999)



     Korea's official foreign reserves as of January 15, 1999 were 52.5 billion dollars. Usable official foreign reserves amounted to 49.0 billion dollars, posting a rise of 0.5 billion dollars compared to the year-end figure for 1998.


     In spite of 1.1 billion dollars of repayment of SRF (Supplemental Reserve Facility) fund to the IMF, the increase in usable official foreign reserves during the first half of the month was due to

Trend of Official Foreign Reserves

(billion U.S. dollars)

As at the end of

1997

1998

1999

Dec.

Mar.

Jun.

Sept.

Oct.

Nov.

Dec.

Jan.15

Official Foreign Reserves(A)

20.4

29.8

40.9

47.0

48.8

50.0

52.0

52.5

Overseas Branch Deposits(B)

11.3

5.4

3.7

3.4

3.4

3.4

3.3

3.3

Others(C)

0.2

0.2

0.2

0.2

0.2

0.2

0.2

0.2

Usable Official Foreign Reserves
(A-(B+C) 

8.9

24.2

37.0

43.4

45.3

46.5

48.5

49.0