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  • Foreign currency deposits down in Sept.
    Foreign currency deposits down in Sept.
    Foreign currency deposits held by banks in South Korea dropped from a month earlier in September, central bank data showed on Oct. 17.Outstanding foreign currency deposits held by local residents came to US$66.5 billion as of end-September, down US$840 million from the previous month, according to the data from the Bank of Korea.Foreign deposits include those held by foreigners who have stayed in South Korea for mor...
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Foreign currency deposits down in Sept.

Oct. 17, 2016 - 15:12 By 김화균
[THE INVESTOR] Foreign currency deposits held by banks in South Korea dropped from a month earlier in September, central bank data showed on Oct. 17.

Outstanding foreign currency deposits held by local residents came to US$66.5 billion as of end-September, down US$840 million from the previous month, according to the data from the Bank of Korea.

Foreign deposits include those held by foreigners who have stayed in South Korea for more than six months, as well as foreign companies here.

The on-month fall in September was attributed to a decline in US dollar and Chinese yuan deposits.

Dollar deposits came to US$56.52 billion at the end of September, down US$400 million from the previous month. Deposits held in Chinese yuan fell US$300 million to US$1.6 billion, while deposits held in euros dropped US$40 million to US$3.05 billion.

By holder, companies held US$55.3 billion in foreign currency deposits, down US$1.69 billion from the previous month. Meanwhile, deposits held by individuals gained US$850 million to US$11.2 billion.

(theinvestor@heraldcorp.com)
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