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


Official Foreign Reserves
(end of February, 1999)



    Korea's usable official foreign reserves as end of February, 1999 were 52.0 billion dollars, posting a rise of 1.9 billion dollars compared to the month-end figure for January.

    Although the Bank of Korea repaid IMF's SRF(Supplemental Reserve Facility) fund due in February, the increase in the usable official foreign reserves was due to repayment of BOK support funds by domestic banks, including the emergency funds which were supported during the foreign currency crisis, as their foreign liquidity situation has been continuously improved by current account surplus and capital inflows as a result of restructuring progress in financial and corporate sector.


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.

Official Foreign Reserves(A)

20.4

29.8

40.9

47.0

48.8

50.0

52.0

53.6

55.5

Overseas Branch Deposits(B)

11.3

5.4

3.7

3.4

3.4

3.4

3.3

3.3

3.3

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

52.0