S. Korea's foreign currency deposit rebounds in November

SEOUL, Dec. 30 (Xinhua) -- South Korea's foreign currency deposits rose in November, ending a two-month decline, driven by solid demand for the U.S. currency, central bank data showed Tuesday.

The deposit, denominated in foreign currencies, grew 1.71 billion U.S. dollars from a month earlier to 103.55 billion dollars at the end of November, according to the Bank of Korea.

The U.S. dollar-denominated deposit gained 1.96 billion dollars to 87.59 billion dollars in the cited month.

The Japanese yen deposit slipped 0.5 billion dollars to 8.13 billion dollars, but the euro deposit added 0.39 billion dollars to 5.4 billion dollars.

The Chinese yuan deposit dipped 0.1 billion dollars to 1.14 billion dollars last month.

Foreign currency deposit, possessed by companies, increased 1.67 billion dollars to 88.43 billion dollars in the same month, while the individuals-owned deposit rose 0.04 billion dollars to 15.11 billion dollars.

More Seoul News

Access More

Sign up for Seoul News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!