SEOUL, Feb. 27 (Xinhua) — South Korea’s international foreign money deposit fell final month on stronger demand for the U.S. dollar, central financial institution knowledge confirmed Monday.
Deposit, denominated in foreign currency, got here in at 109.25 billion U.S. {dollars} on the finish of January, down 1.73 billion {dollars} from a month earlier, in keeping with the Bank of Korea (BOK).
It marked the primary slide in 5 months as corporations withdrew the dollar fund from banks for abroad funding and import settlement.
Deposit, denominated within the U.S. dollar, declined 3.04 billion {dollars} from a month earlier to 92.34 billion {dollars} on the finish of January.
The Japanese yen and the euro deposits elevated to 7.01 billion {dollars} and 6.7 billion {dollars} every, however the Chinese yuan deposit slipped 0.15 billion {dollars} to 1.63 billion {dollars}.
Foreign foreign money deposit, owned by corporations, shed 1.82 billion {dollars} to 94.28 billion {dollars}, however the individuals-possessed deposit added 0.09 billion {dollars} to 14.97 billion {dollars}.