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


Official Foreign Reserves
(as of February 15, 1999)



    Korea's usable official foreign reserves as of February 15, 1999 were 52.2 billion dollars, posting a rise of 2.1 billion dollars compared to the month-end figure for January.

    The increase in the usable official foreign reserves during the first half of the month was due to repayment of BOK support funds by domestic banks, including the BOK emergency funds provided to troubled financial institutions during the foreign exchange crisis in 1997.


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.

Feb.15

Official Foreign Reserves(A)

20.4

29.8

40.9

47.0

48.8

50.0

52.0

53.6

55.8

Overseas Branch Deposits(B)

11.3

5.4

3.7

3.4

3.4

3.4

3.3

3.3

3.4

Others(C)

0.2

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

50.1

52.2