SEOUL, Oct. 24 (Xinhua) — South Korea’s overseas forex deposit fell for the second successive month as firms bought the U.S. dollar fund and paid the import payments, central financial institution knowledge confirmed Tuesday.
The deposit, denominated in foreign currency, got here in at 89.69 billion U.S. {dollars} on the finish of September, down 9.41 billion {dollars} from a month earlier, in keeping with the Bank of Korea.
The deposit, denominated within the U.S. dollar, tumbled 9.19 billion {dollars} from a month earlier to 73.85 billion {dollars} on the finish of September.
The European single forex and the Chinese yuan deposits retreated to five.09 billion {dollars} and 1.10 billion {dollars} respectively.
The Japanese yen deposit stood at 8.38 billion {dollars} on the finish of September, up 0.1 billion {dollars} from a month earlier.
Foreign forex deposit, owned by firms, dipped 9.22 billion {dollars} to 75.22 billion {dollars} within the cited month, whereas the individuals-possessed deposit shrank 0.19 billion {dollars} to 14.47 billion {dollars}.