By Aislyu Akhmetzianova

Foreign exchange reserves last month saw a rise of USD 5.6 billion due to the weak greenback.

The Bank of Korea on July 3 released statistical data from June saying the amount reached USD 410.2 billion last month, up from USD 404.6 billion in May.

The bank said, "The weak dollar raised the dollar conversion value of foreign currency assets in other currencies and operating income."

By type, the figure comprised USD 358.5 billion (87.4%) in securities, USD 26.54 billion (6.5%) in deposits, USD 15.89 billion (3.9%) in special drawing rights, USD 4.79 billion (1.2%) in gold bullion and USD 4.47 billion (1.1%) in International Monetary Fund positions.

As of May 30, the country ranked 10th in the world in foreign exchange reserves.

China was first with USD 3.28 trillion, Japan second with USD 1.29 trillion, Switzerland third with USD 980.8 billion, India fourth with USD 691.3 billion and Russia fifth with USD 680.4 billion.

aisylu@korea.kr