Media Release Reserve Bank Investment in Korean won

The Reserve Bank has recently invested a share of its foreign currency reserves in Korean won. The allocation of 5 per cent of net reserves to the won is in line with the allocations to the Japanese yen, Canadian dollar, UK pound sterling and Chinese renminbi. This investment will further diversify the Bank's foreign currency reserves. The benchmark foreign currency portfolio is now comprised of the following seven currencies.

Table 1: Benchmark Foreign Currency Portfolio
US dollar Euro Japanese yen Canadian dollar Chinese renminbi Pound sterling Korean won
Currency allocation (per cent of total) 55 20 5 5 5 5 5


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