April 26, 2024

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[THE INVESTOR] Foreign currency deposits at banks in Korea fell in September from a month earlier, central bank data showed on Oct. 25.

Outstanding foreign currency deposits held by banks here reached US$63.66 billion at the end of September, down US$3.48 billion from a month earlier, according to the data compiled by the Bank of Korea.

Broken down, foreign currency deposits held by domestic banks came to US$54.36 billion in September, down from US$57.41 billion in August. The deposits at foreign lenders operating here stood at US$9.3 billion in September, down from US$9.73 billion in August.

The BOK attributed the on-month decline to a decrease in corporate greenback deposits.

By Alex Lee and newswires (alexlee @heraldcorp.com)