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] The Pakistani finance ministry posted on X on Thursday that it had raised a record $3 billion from a junk bond sale. ^[2] Foreign currency deposits at financial institutions expanded significantly due to the increased liquidity in the foreign currency market. ^[3] The 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] Pakistan 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] The 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] The 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] Cash deposits, which are liquid assets, reached $30.3 billion, an increase of $7.17 billion from the previous month. ^[8]