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S. Korea's foreign currency deposit rebounds in June

SEOUL
2024-07-19 13:27

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SEOUL, July 19 (Xinhua) -- South Korea's foreign currency deposit rebounded in six months owing to strong demand for the U.S. dollar deposit, central bank data showed Friday.

The deposit, denominated in foreign currencies, gained 1.61 billion U.S. dollars from a month earlier to 90.57 billion dollars at the end of June, after sliding for the past five months, according to the Bank of Korea.

The rebound was attributable to higher demand for the U.S. currency, caused by deposit for import settlement and overseas securities investment.

The deposit, denominated in the U.S. dollar, climbed 1.26 billion dollars from a month earlier to 73.47 billion dollars at the end of June.

The Japanese yen and the euro deposits increased to 10.13 billion dollars and 4.57 billion dollars each.

The Chinese yuan deposit stood at 1.18 billion dollars at the end of June, up 0.09 billion dollars from a month ago.

Foreign currency deposit, owned by companies, grew 1.53 billion dollars to 75.48 billion dollars in the cited month, while the individuals-possessed deposit added 0.08 billion dollars to 15.09 billion dollars.
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