Foreign currency deposits down in January

Home > Business > Finance

print dictionary print

Foreign currency deposits down in January

Foreign currency deposits held by banks in Korea dropped slightly from a month earlier in January, as local businesses took advantage of favorable exchange rates, central bank data showed Wednesday.

The outstanding foreign currency deposits held by banks here came to $74.98 billion as of the end of last month, down $4.4 billion from a month before, according to the data from the Bank of Korea.

It marked the sharpest monthly decline since last March, when deposits fell by $6.5 billion.

The drop came mostly from savings held by businesses, which dipped $4.3 billion in January from a month earlier.

Savings held in dollars dipped $3.3 billion to $64.85 billion by the end of January, and those held in the Chinese yuan fell by $250 million to $1.17 billion.


More in Finance

Kospi sets another all-time high as optimism continues

Kim Kwang-soo named as sole candidate to head banking federation

Kospi hits record 2,602.59 as optimism continues after U.S. election result

Dollar deposits jump as punters bet on currency's rebound

Reservation app operator Yanolja to go public next year

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now