SEOUL, Oct. 21 (Yonhap) – Foreign currency deposits rose for the fourth consecutive month in September as companies increased deposits denominated in U.S. dollars, central bank data showed on Monday.
According to data from the Bank of Korea, residents’ foreign currency deposit balances reached $104.07 billion as of the end of September, an increase of $3.66 billion from the previous month.
Residents include local residents, foreigners staying in Korea for more than six months, and foreign-affiliated companies. This data does not include interbank foreign currency deposits.
By currency, dollar-denominated deposits increased by $2.27 billion to $85.84 billion last month, and Japanese yen-denominated deposits increased by $530 million to $10.34 billion.
Euro-denominated deposits also increased by $150 million to $4.98 billion, while Chinese yuan-denominated deposits also increased by $620 million to $1.66 billion, the data showed.
As of September, corporate deposits increased by $3.5 billion from the previous month to $85.25 billion, while personal holdings increased by $160 million to $15.32 billion.
sam@yna.co.kr
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