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S. Korea's foreign currency deposit falls in February

0 Comment(s)Print E-mail Xinhua, March 31, 2025
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SEOUL, March 31 (Xinhua) -- South Korea's foreign currency deposit fell last month due to lower U.S. dollar deposits owned by companies, central bank data showed Monday.

The deposit, denominated in foreign currencies, dipped 4.91 billion U.S. dollars from a month earlier to 98.53 billion dollars at the end of February, after growing for the past two months, according to the Bank of Korea.

The downturn came as companies sold the greenback amid the strong dollar trend. The won/dollar exchange rate stood at 1,463.4 won per dollar at the end of February, up 10.7 won from a month earlier.

The deposit, denominated in the U.S. dollar, declined 3.79 billion dollars from a month earlier to 84.52 billion dollars at the end of February.

The Japanese yen, the euro and the Chinese yuan deposits decreased to 7.76 billion dollars, 4.16 billion dollars and 950 million dollars, respectively.

Foreign currency deposit, owned by companies, dived 4.58 billion dollars to 84.62 billion dollars in the cited month, while the individual-possessed deposit shrank 0.33 billion dollars to 13.91 billion dollars. Enditem

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