SEOUL, Aug. 25 (Xinhua) — South Korea’s international forex deposit rose for the third successive month as a result of strong demand for the U.S. and Japanese currencies, central financial institution information confirmed Friday.
The deposit, denominated in foreign currency, got here in at 105 billion U.S. {dollars} on the finish of July, up 5.17 billion {dollars} from a month earlier, in line with the Bank of Korea.
The continued progress got here as some corporations deposited the U.S. and Japanese funds raised from overseas.
The deposit, denominated within the U.S. dollar, gained 4.42 billion {dollars} from a month earlier to 87.86 billion {dollars} on the finish of July, whereas the Japanese yen deposit added 0.83 billion {dollars} to eight.31 billion {dollars}.
The euro deposit shed 0.07 billion {dollars} to six.02 billion {dollars}, and the Chinese yuan deposit declined 0.22 billion {dollars} to 1.38 billion {dollars}.
Foreign forex deposit, owned by corporations, climbed 4.5 billion {dollars} to 89.68 billion {dollars} within the cited month.