SEOUL, Oct. 10 (Xinhua) -- South Korea's foreign reserves rose for the fourth successive month due to higher returns on investment and an increase in foreign currency deposits, central bank data showed Friday.
Foreign currency reserves advanced 5.73 billion U.S. dollars from a month earlier to 422.02 billion dollars at the end of September, continuing to go up since June, according to the Bank of Korea.
The consecutive growth was attributed to higher investment returns and the growth in foreign currency deposits of financial institutions ahead of the quarter-end.
The country's foreign reserves were composed of 378.42 billion dollars of securities, 18.54 billion dollars of deposits, 15.78 billion dollars of special drawing rights, 4.79 billion dollars of gold bullion and 4.49 billion dollars of the IMF position.
The Asian country was ranked as the world's 10th-largest holder of foreign reserves at the end of August, unchanged from a month earlier. ■
