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S. Korea's foreign currency deposit falls in January

SEOUL
2023-02-27 11:20

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SEOUL, Feb. 27 (Xinhua) -- South Korea's foreign currency deposit fell last month on stronger demand for the U.S. dollar, central bank data showed Monday.

Deposit, denominated in foreign currencies, came in at 109.25 billion U.S. dollars at the end of January, down 1.73 billion dollars from a month earlier, according to the Bank of Korea (BOK).

It marked the first slide in five months as companies withdrew the dollar fund from banks for overseas investment and import settlement.

Deposit, denominated in the U.S. dollar, declined 3.04 billion dollars from a month earlier to 92.34 billion dollars at the end of January.

The Japanese yen and the euro deposits increased to 7.01 billion dollars and 6.7 billion dollars each, but the Chinese yuan deposit slipped 0.15 billion dollars to 1.63 billion dollars.

Foreign currency deposit, owned by companies, shed 1.82 billion dollars to 94.28 billion dollars, but the individuals-possessed deposit added 0.09 billion dollars to 14.97 billion dollars.
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