South Korea's central bank reduced the ratio of U.S. dollar assets in its reserves in 2011, in order to diversify the reserves and cope with volatility.
The Bank of Korea on Friday said in its annual report that dollar holdings fell to 60.5 percent of total foreign-exchange reserves at the end of 2011 from 63.7 percent a year ago.
The central bank, which holds the world's seventh-biggest foreign reserves, raised their holdings of foreign government bonds to 36.8 percent of its foreign exchange reserves from 35.8 percent in the prior year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.