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S. Korea's foreign currency deposit falls in March

SEOUL
2022-04-19 13:19

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SEOUL, April 19 (Xinhua) -- South Korea's foreign currency deposit fell in March due largely to an expansion in corporate overseas investment, central bank data showed Tuesday.

The deposit denominated in foreign currencies amounted to 92.71 billion U.S. dollars at the end of March, down by 5.43 billion U.S. dollars from a month earlier, according to the Bank of Korea (BOK).

The foreign currency deposit held by companies declined by 4.47 billion U.S. dollars to 76.34 billion U.S. dollars last month as companies increased their overseas investment.

The individuals-possessed deposit reduced by 0.96 billion U.S. dollars to 16.37 billion U.S. dollars as people sold the U.S. dollar funds.

The U.S. dollar-denominated deposit went down by 4.88 billion U.S. dollars to 78.55 billion U.S. dollars last month, and the euro deposit shrank by 0.56 billion U.S. dollars to 5.05 billion U.S. dollars in value.

The Japanese yen deposit gained 0.34 billion U.S. dollars to 5.73 billion U.S. dollars in value in the cited month.
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