Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
OpenAI in talks with Samsung to power AI features, report says
-
4
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
S. Korea not to attend Sado mine memorial: foreign ministry
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
Banks' foreign currency deposits hit record high in March
By Korea HeraldPublished : April 14, 2017 - 13:03
Foreign currency deposits held by banks operating in South Korea hit a record high in March as exporters deposited their dollar-denominated earnings, central bank data showed Wednesday.
Outstanding foreign currency deposits held by local banks, domestic and foreign, reached $70.54 billion in March, up 3.8 percent from $67.94 billion a month earlier, the Bank of Korea said in a statement.
Broken down, foreign currency deposits held by domestic lenders came to $60.33 billion in March, up from $56.45 billion a month earlier. The deposits by foreign banks stood at $10.21 billion, down from $11.49 billion during the same period.
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 on-month gains mainly to an increase in US dollar deposits by exporters and individuals.
By currency, dollar deposits rose to $60.14 billion in March from $57.98 billion a month earlier. Euro deposits came to $3.1 billion in March from $3 billion a month earlier. Yen deposits climbed to $4.26 billion from $4.15 billion, the data said.
By holder, companies held $58.25 billion in foreign currency deposits, up from $56.62 billion a month earlier. Deposits held by individuals rose to $12.29 billion from $11.32 billion, it said. (Yonhap)
-
Articles by Korea Herald
