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The Korea Herald
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THE INVESTOR
March 29, 2024

Finance

Korean banks’ foreign currency deposits up in Nov.

  • PUBLISHED :December 14, 2017 - 13:59
  • UPDATED :December 14, 2017 - 13:59
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[THE INVESTOR] Foreign currency deposits at banks in Korea rose last month from a month earlier, central bank data showed on Dec. 14.

Outstanding foreign currency deposits held by banks here reached US$80.41 billion at the end of November, up US$7.13 billion from a month earlier, according to the data compiled by the Bank of Korea.

Foreign deposits include those held by foreigners who have stayed in Korea for more than six months, as well as foreign companies operating here.

Broken down, foreign currency deposits held by domestic banks came to US$68.01 billion in November, up from US$62.73 billion in October. The deposits at foreign lenders operating here stood at US$12.4 billion last month, up from US$10.55 billion in the previous month.

By currency, deposits in US dollars rose US$5.67 billion to US$68.14 in November, while euro-denominated deposits came to US$3.78 billion from US$3.11 billion over the same period. Yen deposits were tallied at US$5.57 billion last month from the previous month’s US$4.99 billion.

By holder, companies held US$65.2 billion in foreign currency deposits last month, up from US$60.64 billion in October, while deposits held by individuals gained US$2.57 billion to US$15.21 billion in November.

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

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