SEOUL, May 24 (Xinhua) — South Korea’s international foreign money deposit fell for the fourth consecutive month final month resulting from a pointy decline within the U.S. dollar deposit, central financial institution knowledge confirmed on Wednesday.
The deposit, denominated in foreign currency, amounted to 91.39 billion U.S. {dollars} on the finish of April, down 6.1 billion {dollars} from a month earlier, based on the Bank of Korea (BOK).
It got here as native firms withdrew foreign currency from banks for import settlement funds and abroad funding.
The deposit, denominated within the U.S. dollar, dropped 5.13 billion {dollars} from a month earlier to 79.2 billion {dollars} on the finish of April.
The Japanese yen and the euro deposits shrank to five.32 billion {dollars} and 4.45 billion {dollars} every, and the Chinese yuan deposit slipped to 1.23 billion {dollars}.
Foreign foreign money deposit, owned by firms, dipped 5.41 billion {dollars} to 77.54 billion {dollars} within the cited month, whereas the individuals-possessed deposit diminished 0.69 billion {dollars} to 13.85 billion {dollars}.