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    "headline": "South Korea Foreign Reserves Hit Record High in August",
    "dek": "South Korea's foreign exchange reserves surged to a record $442.28 billion in August, driven by export inflows.",
    "prose": "South Korea's foreign exchange reserves increased by a record $14.33 billion in August to reach $442.28 billion, according to the Bank of Korea. [^1]\n\nThe Pakistani finance ministry posted on X on Thursday that it had raised a record $3 billion from a junk bond sale. [^2]\n\nForeign currency deposits at financial institutions expanded significantly due to the increased liquidity in the foreign currency market. [^3]\n\nThe Bank of Korea stated that the increase was driven by expanded inflows of current account funds from export firms, which boosted liquidity in the foreign currency market. [^4]\n\nPakistan sold $1.75 billion of five-year debt at a yield of 7.75% and also sold $1.25 billion of 10-year notes at a yield of 8.25%, according to Bloomberg. [^5]\n\nThe finance ministry shared a draft release on social media that included the instruction: 'Not for release, publication or distribution in, or, into, the United States, Australia, Canada or Japan.' [^6]\n\nThe sale attracted orders of almost $6 billion, and the finance ministry stated this reflects strong reform progress made under the International Monetary Fund program. [^7]\n\nCash deposits, which are liquid assets, reached $30.3 billion, an increase of $7.17 billion from the previous month. [^8]",
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