South Korea lowers the share of dollars in its fx reserves to 60.5% at the end of 2011 from...

|By:, SA News Editor

South Korea lowers the share of dollars in its fx reserves to 60.5% at the end of 2011 from 63.7% a year earlier, reports the Bank of Korea. It's the lowest level of dollar reserves since 2007. Central banks are under "pressure" to find assets with better returns, says a strategist.