Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Now is no time to add pressure on businesses: top executives

    Now is no time to add pressure on businesses: top executives
  2. 2

    CJ CheilJedang to spur overseas growth with new Hungary, US plants

    CJ CheilJedang to spur overseas growth with new Hungary, US plants
  3. 3

    Seoul to host winter festival from Dec. 13

    Seoul to host winter festival from Dec. 13
  4. 4

    Nationwide rail disruptions feared as union plans strike from Dec. 5

    Nationwide rail disruptions feared as union plans strike from Dec. 5
  5. 5

    Blackpink's solo journeys: Complementary paths, not competition

    Blackpink's solo journeys: Complementary paths, not competition
  1. 6

    N. Korea, Russia court softer image: From animal diplomacy to tourism

    N. Korea, Russia court softer image: From animal diplomacy to tourism
  2. 7

    [Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts

    [Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
  3. 8

    Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid

    Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
  4. 9

    Actor Song Joong-ki welcomes second child in Rome

    Actor Song Joong-ki welcomes second child in Rome
  5. 10

    Korean Air offers special flights for mileage users

    Korean Air offers special flights for mileage users
피터빈트

Banks' foreign currency deposits up 5% in February

By KH디지털2

Published : March 15, 2017 - 13:16

    • Link copied

Foreign currency deposits held by banks operating in South Korea rose 5 percent in February from a month earlier as exporters deposited their dollar-denominated earnings, central bank data showed Wednesday.

Outstanding foreign currency deposits held by local banks, domestic and foreign, reached $67.94 billion in February, up from $64.65 billion a month earlier, the Bank of Korea said in a statement.

(Yonhap) (Yonhap)

Broken down, foreign currency deposits held by domestic lenders rose 5.7 percent to $56.45 billion from $53.36 billion during the same period. The deposits by foreign banks gained 1.7 percent to $11.49 billion from $11.29 billion, it said.

Foreign deposits include those held by foreigners who have stayed in South Korea for more than six months, as well as foreign companies operating here.

The central bank attributed the month-on-month gains mainly to an increase in US dollar deposits by exporters.

By currency, dollar deposits rose to $57.98 billion in February from $55.23 billion a month earlier. Euro deposits rose to $3 billion from $2.7 billion. Yen deposits climbed to $4.2 billion from $3.9 billion, the data said.

By holder, companies held $56.62 billion in foreign currency deposits, up from $53.9 billion a month earlier. Deposits held by individuals rose to $11.32 billion from $10.75 billion, it said. (Yonhap)

More from Headlines