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


Official Foreign Reserves
(as of April 15, 1999)


     Korea's usable official foreign reserves as of April 15, 1999 were 56.5 billion dollars, posting a rise of 2.1 billion dollars compared to the month-end figure for March.

-- Official foreign reserves including the Bank of Korea's deposits at overseas branches of domestic banks were 59.4 billion dollars.

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

Trend of Official Foreign Reserves

(billion U.S dollars)

As at the end of

1997

1998

1999

Dec.

Mar.

Jun.

Sept.

Dec.

Jan.

Feb.

Mar.

Apr.15

Official Foreign Reserves(A)

20.4

29.8

40.9

47.0

52.0

53.6

55.5

57.5

59.4

Overseas Branch Deposits(B)

11.3

5.4

3.7

3.4

3.3

3.3

3.3

2.8

2.7

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

48.5

50.1

52.0

54.4

56.5



The Bank of Korea