HomeLatestS. Korea's international forex deposit rebounds in Oct.

S. Korea’s international forex deposit rebounds in Oct.

SEOUL, Nov. 16 (Xinhua) — South Korea’s international forex deposit posted the primary rebound in three months as native firms deposited their export proceeds, central financial institution information confirmed Thursday.

The deposit, denominated in foreign currency, got here in at 94.3 billion U.S. {dollars} on the finish of October, up 4.61 billion {dollars} from a month earlier, based on the Bank of Korea (BOK).

The deposit, denominated within the U.S. dollar, grew 4.03 billion {dollars} to 77.88 billion {dollars} as firms deposited their export proceeds and dividend from abroad subsidiaries.

The Japanese yen and the euro deposits elevated to eight.61 billion {dollars} and 5.33 billion {dollars} every.

The Chinese yuan deposit stood at 1.14 billion {dollars} on the finish of October, up 0.04 billion {dollars} from a month earlier.

Foreign forex deposit, owned by firms, gained 4.48 billion {dollars} to 79.7 billion {dollars} within the cited month, whereas the individuals-possessed deposit added 0.13 billion {dollars} to 14.6 billion {dollars}.

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