International Finance Planning Team, International Department,
The Bank of Korea
Tel : 82-2-759-5843
Fax : 82-2-759-5736



Official Foreign Reserves
(as of August 15, 1999)


     Korea's usable official foreign reserves as of August 15, 1999 were 64.2 billion dollars, posting a rise of 0.2 billion dollars compared to the month-end figure for July.

    Although the Bank of Korea repaid 1.0 billion dollars of IMF support fund, the increase in the usable official foreign reserves during the first half of the month was mainly due to repayment of BOK support funds by domestic banks and inflows of foreign capital as a result of restructuring process in financial sector.


 Trend of Official Foreign Reserves

(billion U.S dollars)          

As at the end of

1997

1998

1999

Dec.

Dec.

Jan.

Feb.

Mar.

Apr.

May

Jun.

Jul.

Aug.15

Official Foreign Reserves(A)

20.4

52.0

53.6

55.5

57.5

59.3

61.4

62.0

64.9

64.8

Overseas Branch Deposits(B)

11.3

3.3

3.3

3.3

2.8

2.7

2.5

1.4

0.8

0.3

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

48.5

50.1

52.0

54.4

56.4

58.7

60.4

64.0

64.2

       


The Bank of Korea