Tue, 24 Nov 2020

SEOUL, Oct. 22 (Xinhua) -- South Korea's foreign currency deposit fell last month as local residents raised investment in foreign stocks, central bank data showed Thursday.

Deposit denominated in foreign currencies amounted to 85.45 billion U.S. dollars as of the end of September, down 3.09 billion dollars from a month earlier, according to the Bank of Korea (BOK).

It marked the first decline in seven months since February as local residents invested more in foreign securities.

The foreign currency deposit refers to deposit owned by local residents, which include locals and local companies along with foreigners and foreign firms that have stayed here for at least six months.

Foreign currency deposit, held by companies, reduced 3.46 billion dollars to 67.53 billion dollars last month, while the individuals-owned deposit gained 0.37 billion dollars to 17.92 billion dollars.

The U.S. dollar-denominated deposit diminished 3.12 billion dollars from a year earlier to 73.47 billion dollars as of the end of September.

The euro deposit shrank 0.29 billion dollars to 3.86 billion dollars in the month, but the Japanese yen deposit added 0.19 billion dollars to 4.95 billion dollars.

The Chinese yuan deposit came in at 1.63 billion dollars as of end-September, up 0.14 billion dollars from a month earlier.

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