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


Official Foreign Reserves
(as of March 15, 1999)



    Korea's usable official foreign reserves as of March 15, 1999 were 53.2 billion dollars, posting a rise of 1.2 billion dollars compared to the month-end figure for February.

    The increase in the usable official foreign reserves during the first half of the month was partly 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.

Mar.15

Official Foreign Reserves(A)

20.4

29.8

40.9

47.0

48.8

50.0

52.0

53.6

55.5

56.2

Overseas Branch Deposits(B)

11.3

5.4

3.7

3.4

3.4

3.4

3.3

3.3

3.3

2.8

Others(C)

0.2

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

53.2




The Bank of Korea