foreign currency-September deposits
Foreign currency deposits down for 2nd month in September
SEOUL, Oct. 24 (Yonhap) -- Foreign currency deposits declined for the second straight month in September as import settlements increased, central bank data showed Tuesday.
Residents' outstanding foreign currency-denominated deposits reached US$89.69 billion at end-September, down $9.41 billion from the previous month, according to the data from the Bank of Korea (BOK).
Residents include local citizens, foreigners staying in South Korea for more than six months and foreign companies. The data excludes interbank foreign currency deposits.
By currency, dollar-denominated deposits fell by $9.19 billion to $73.8 billion, and Japanese yen-denominated deposits rose by $100 million to $8.38 billion last month.
Euro-denominated deposits also fell by $140 million to $5.09 billion, and Chinese yuan-denominated deposits fell by $140 million to $1.1 billion, according to the data.
Corporate deposits came to $75.22 billion as of September, down $9.22 billion from the previous month, with individual holdings falling by $190 million to $14.47 billion.
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