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S.Korea's foreign currency deposit rises in October

SEOUL
2022-11-21 11:34

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SEOUL, Nov. 21 (Xinhua) -- South Korea's foreign currency deposit rose last month as companies put the U.S. dollar fund in bank accounts amid the strong dollar trend, central bank data showed Monday.

Deposit, denominated in foreign currencies, totaled 97.65 billion U.S. dollars at the end of October, up 8.15 billion dollars from a month earlier, according to the Bank of Korea (BOK).

It came as local companies deposited the dollar fund in bank accounts amid the greenback's ascent to the domestic currency.

Deposit, denominated in the U.S. dollar, expanded 7.54 billion dollars from a month earlier to 84.8 billion dollars at the end of October, and the Japanese yen deposit grew 0.43 billion dollars to 5.71 billion dollars.

The euro deposit slipped 0.03 billion dollars to 4.11 billion dollars, but the Chinese yuan deposit rose to 1.23 billion dollars.

Foreign currency deposit, owned by companies, gained 7.82 billion dollars to 83.38 billion dollars last month, while the individuals-possessed deposit added 0.33 billion dollars to 14.27 billion dollars.
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