Resident Foreign Currency Deposit of 85.45 Billion Dollars in September... $30.9 Billion Decrease From the Previous Month
NSP NEWS, By soon ki Lee Journali
END7, Read 0(Seoul=NSP News Agency) soon ki Lee Journalist = According to the ‘Trends of Resident Foreign Currency Deposits in September,’ released by the Bank of Korea, resident foreign currency at foreign exchange banks amounted to $85.45 billion last month, a decrease of $3.89 billion from the end of the previous month.
In terms of currency, deposits in dollar were $73.47 billion and deposits in euros were $3.86 billion, down by $3.12 billion and $290 million from the previous month, respectively.
Dollar-denominated deposits declined due to the demand for settlement funds of some companies and overseas fund deposits in preparation for stock price fluctuations during the Chuseok holiday, while euro deposits were also reduced due to short-term withdrawals of operating funds from securities companies.
By bank, domestic banks fell by $75.23 billion and foreign bank branches to $1.22 billion, down by $2.24 billion and $850 million, respectively.
In terms of currency, deposits in dollar were $73.47 billion and deposits in euros were $3.86 billion, down by $3.12 billion and $290 million from the previous month, respectively.
Dollar-denominated deposits declined due to the demand for settlement funds of some companies and overseas fund deposits in preparation for stock price fluctuations during the Chuseok holiday, while euro deposits were also reduced due to short-term withdrawals of operating funds from securities companies.
By bank, domestic banks fell by $75.23 billion and foreign bank branches to $1.22 billion, down by $2.24 billion and $850 million, respectively.
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By subject, corporate deposits decreased by $3.46 billion to $67.63 billion, while private deposits increased by $370 million to $17.9 billion.
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