World

S. Korea's foreign currency deposit hits record high in October

SEOUL
2021-11-16 15:26

Already collect



SEOUL, Nov. 16 (Xinhua) -- South Korea's foreign currency deposit hit a fresh record high last month, topping 100 billion U.S. dollars for the first time, central bank data showed on Tuesday.

Foreign currency deposit reached a new high of 100.77 billion dollars at the end of October, up 6.57 billion dollars from a month earlier, according to the Bank of Korea (BOK).

The deposit continued to grow for the third consecutive month amid rising expectations for the strong U.S. dollar.

The U.S. dollar deposit gained 5.37 billion dollars to 87.52 billion dollars in the cited month, and those denominated in the Japanese yen and the European single currency increased to 5.19 billion dollars and 4.44 billion dollars respectively.

The Chinese yuan deposit added 0.13 billion dollars to 1.75 billion dollars in the month.

The foreign currency deposit, owned by companies, rose 6.2 billion dollars to 81.96 billion dollars, while individuals-possessed deposit climbed 0.37 billion dollars to 18.81 billion dollars.
Add comments

Latest comments

Latest News
News Most Viewed