The more foreign reserves the Bank of Korea holds, the more reassuring it looks to most Koreans, who witnessed as the reserves were nearly depleted when a financial crisis started in Korea in late 1997. Indeed, greater reserves are generally thought to enhance the credibility of the central bank`s exchange rate policy.
(Çѱ¹ÀºÇàÀÌ ¿ÜȺ¸À¯°í°¡ ¸¹¾ÆÁú¼ö·Ï, 1997³â ¸» Çѱ¹¿¡ ºÒ¾î´ÚÄ£ ¿ÜȯÀ§±â¶§ º¸À¯°í°¡ °ÅÀÇ ¹Ù´ÚÀÌ ³µ´ø °ÍÀ» ±â¾ïÇÏ´Â ´ëºÎºÐÀÇ Çѱ¹»ç¶÷µéÀº ´õ ¾È½ÉÇÏ´Â °Í °°´Ù. ½ÇÁ¦·Î, ÀϹÝÀûÀ¸·Î º¸À¯°í°¡ ¸¹¾ÆÁú¼ö·Ï Áß¾ÓÀºÇàÀÇ È¯À² Á¤Ã¥ÀÇ ½Å¿ëµµ°¡ »ó½ÂÇÏ´Â °ÍÀ¸·Î »ý°¢µÈ´Ù.)
At the end of last month, the nation`s foreign reserves reached $150.34 billion - up $7.02 billion from a month ago, the biggest monthly increase since April 1998. No doubt this is an astounding achievement, given the near bankruptcy the nation experienced six years ago.
|