Resident's foreign currency deposits decreased by US$590 million
NSP NEWS, By jeonghyun go Journal
END7, Read 0(Seoul=NSP News Agency) jeonghyun go Journalist = Korea's resident's foreign currency deposits as of the end of December 2017 decreased by US$590 million compared with November 2018 due to Japanese yen strength.
Resident's foreign currency deposits at the end of 2018 from foreign exchange banks decreased by US$590 million to US$74.46 billion compared with November, 2018 according to the currency trend report published on January 15th, 2019 by the bank of Korea.
The figure decreased by US$8.57 billion from the US$83.3 billion at the end of 2017. It is likely that Japanese yen deposits declined because of the selling spots affected by Won-yen exchange rate increase, so the resident's foreign currency deposits also decreased in December 2018.
Resident's foreign currency deposits at the end of 2018 from foreign exchange banks decreased by US$590 million to US$74.46 billion compared with November, 2018 according to the currency trend report published on January 15th, 2019 by the bank of Korea.
The figure decreased by US$8.57 billion from the US$83.3 billion at the end of 2017. It is likely that Japanese yen deposits declined because of the selling spots affected by Won-yen exchange rate increase, so the resident's foreign currency deposits also decreased in December 2018.
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Korea's dollar deposits increased by US$510 million whereas Japanese yen deposits and Euro deposits decreased by US$920 million and US$200 million respectively.
As of the end of December 2018, domestic banks' deposits decreased by US$830 million to US$62.8 billion from November 2018 whereas deposits of foreign bank branches in Korea increased by US$240 million to US$11.66 billion in the same period.
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