SEOUL, Oct. 20 (Xinhua) — South Korea’s foreign currency deposit rose in September as companies put the U.S. dollar fund in bank accounts amid the strong dollar trend, central bank data showed Thursday.
Deposit, denominated in foreign currencies, totaled 89.5 billion U.S. dollars at the end of September, up 1.23 billion U.S. dollars from a month earlier, according to the Bank of Korea (BOK).
It came as local companies deposited the dollar fund in bank accounts amid the greenback’s ascent to the domestic currency.
Deposit, denominated in the U.S. dollar, increased by 2.36 U.S. billion dollars from a month earlier to 77.26 billion U.S. dollars at the end of September.
The Japanese yen deposit shrank 0.46 billion U.S. dollars to 5.28 billion U.S. dollars.
The euro deposit dwindled 0.6 billion U.S. dollars to 4.14 billion U.S. dollars, and the Chinese yuan deposit fell to 1.2 billion U.S. dollars.
Foreign currency deposit owned by companies gained 1.15 billion U.S. dollars to 75.56 billion U.S. dollars last month, while the deposit possessed by individuals grew 80 million U.S. dollars to 13.94 billion U.S. dollars.