S. Korea's foreign currency deposits rebound in April
Xinhua
1780033152000

SEOUL, May 29 (Xinhua) -- South Korea's foreign currency deposits rebounded in four months due to solid demand for the U.S. dollar, central bank data showed Friday.

The won (L) and U.S. dollar banknotes are pictured in Seoul, South Korea, Sept. 22, 2022. (Xinhua

The deposits, denominated in foreign currencies, grew 8.51 billion U.S. dollars from a month earlier to 110.68 billion dollars at the end of April, after reducing for the past three months, according to the Bank of Korea (BOK).

Demand increased for the dollar deposit, with an expansion of investor deposits at securities firms.

The dollar-denominated deposit mounted 7.68 billion dollars to 93.32 billion dollars, and the Japanese yen deposit swelled 0.4 billion dollars to 8.22 billion dollars last month.

The European currency deposit rose 0.26 billion dollars to 6.57 billion dollars, and the Chinese yuan deposit gained 0.18 billion dollars to 1.35 billion dollars.

Foreign currency deposits, possessed by companies, climbed 8.08 billion dollars to 94.88 billion dollars in the cited month, and the individual-owned deposits added 0.43 billion dollars to 15.8 billion dollars.