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S. Korea's foreign currency deposit falls for 2nd month in September

SEOUL
2023-10-24 12:22

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SEOUL, Oct. 24 (Xinhua) -- South Korea's foreign currency deposit fell for the second successive month as companies sold the U.S. dollar fund and paid the import bills, central bank data showed Tuesday.

The deposit, denominated in foreign currencies, came in at 89.69 billion U.S. dollars at the end of September, down 9.41 billion dollars from a month earlier, according to the Bank of Korea.

The deposit, denominated in the U.S. dollar, tumbled 9.19 billion dollars from a month earlier to 73.85 billion dollars at the end of September.

The European single currency and the Chinese yuan deposits retreated to 5.09 billion dollars and 1.10 billion dollars respectively.

The Japanese yen deposit stood at 8.38 billion dollars at the end of September, up 0.1 billion dollars from a month earlier.

Foreign currency deposit, owned by companies, dipped 9.22 billion dollars to 75.22 billion dollars in the cited month, while the individuals-possessed deposit shrank 0.19 billion dollars to 14.47 billion dollars.
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