Xinhua
24 May 2023, 13:30 GMT+10
SEOUL, May 24 (Xinhua) -- South Korea's foreign currency deposit fell for the fourth consecutive month last month due to a sharp decline in the U.S. dollar deposit, central bank data showed on Wednesday.
The deposit, denominated in foreign currencies, amounted to 91.39 billion U.S. dollars at the end of April, down 6.1 billion dollars from a month earlier, according to the Bank of Korea (BOK).
It came as local companies withdrew foreign currencies from banks for import settlement payments and overseas investment.
The deposit, denominated in the U.S. dollar, dropped 5.13 billion dollars from a month earlier to 79.2 billion dollars at the end of April.
The Japanese yen and the euro deposits shrank to 5.32 billion dollars and 4.45 billion dollars each, and the Chinese yuan deposit slipped to 1.23 billion dollars.
Foreign currency deposit, owned by companies, dipped 5.41 billion dollars to 77.54 billion dollars in the cited month, while the individuals-possessed deposit reduced 0.69 billion dollars to 13.85 billion dollars.
Get a daily dose of Rio De Janeiro Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Rio De Janeiro Sun.
More InformationBOGOTA, COLOMBIA - Four children from an Indigenous community in Colombia were found alive in the country's south Friday more ...
New Delhi [India], June 10 (ANI): India with 89.5 million digital transactions in the year 2022 has topped the list ...
Cochabamba [Bolivia], June 10 (ANI): Discussions are underway for the opening of Chinese banks in Bolivia but there are serious ...
Rio De Janeiro [Brazil], June 10 (ANI/WAM): Friday marked the start of the Abu Dhabi Grand Slam Jiu-Jitsu World Tour ...
united nations - Editor's note: Here is a fast take on what the international community has been up to this ...
The Russian Foreign Ministry spokeswoman says Ukraine's objections to an international probe fit a pattern of stonewallingRussian Foreign Ministry spokeswoman ...
NEW YORK CITY, New York: In his second Twitter Spaces event for a 2024 White House candidate, Elon Musk hosted ...
WASHINGTON D.C.: Amtrak CEO Stephen Gardner said this week that despite projected losses of $800 million for the current budget ...
WASHINGTON D.C.: The Biden administration has announced that it is providing grants worth $570 million to eliminate many dangerous railroad ...
PARIS, France: According to a report by BFM TV, Britain's King Charles is considering a visit to France in September, ...
WASHINGTON D.C.: The Federal Aviation Administration has said that a drone sighting disrupted some flights at Pittsburgh International Airport this ...
PORTLAND, Oregon: A federal trial has begun in Portland, Oregon examining the constitutionality of a stringent gun control law approved ...