Xinhua
24 May 2023, 13:30 GMT+10
SEOUL, May 24 (Xinhua) -- South Korea's foreign currency deposit fell for the fourth consecutive month last month due to a sharp decline in the U.S. dollar deposit, central bank data showed on Wednesday.
The deposit, denominated in foreign currencies, amounted to 91.39 billion U.S. dollars at the end of April, down 6.1 billion dollars from a month earlier, according to the Bank of Korea (BOK).
It came as local companies withdrew foreign currencies from banks for import settlement payments and overseas investment.
The deposit, denominated in the U.S. dollar, dropped 5.13 billion dollars from a month earlier to 79.2 billion dollars at the end of April.
The Japanese yen and the euro deposits shrank to 5.32 billion dollars and 4.45 billion dollars each, and the Chinese yuan deposit slipped to 1.23 billion dollars.
Foreign currency deposit, owned by companies, dipped 5.41 billion dollars to 77.54 billion dollars in the cited month, while the individuals-possessed deposit reduced 0.69 billion dollars to 13.85 billion dollars.
Get a daily dose of Travel Trade news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Travel Trade.
More InformationNEW YORK CITY, New York: The Verge has reported that Verizon Communications met with more than 6,000 customer service employees ...
WASHINGTON D.C.: In response to a safety warning issued by the US National Highway Traffic Safety Administration, Vietnamese electric vehicle ...
NEW YORK CITY, New York: Electric truck manufacturer Nikola Corp said that Nasdaq has delivered a delisting notice for not ...
MINNEAPOLIS, Minnesota: Reuters reported that after facing a backlash from customers, Target is pulling some products from its Pride Collection ...
LONDON, England: The BBC has reported that Jaguar Land Rover owner Tata Motors is planning to build a multi-billion pound ...
MENLO Park, California: As part of the last stage of a three-series round of staff layoffs, part of a plan ...
WASHINGTON D.C.: Jennifer Homendy, head of the US National Transportation Safety Board, has said the US will investigate recent near ...
KATHMANDU, Nepal - Nepal Airlines, the country's state-owned carrier, is one step closer to starting flights to Australia. Nepal Airlines' ...
ALEXANDRIA, Virginia: Boeing Chief Executive Dave Calhoun said sector-wide supply chain problems that have hampered global jetliner production might not ...
New Delhi [India], May 29 (ANI): President Droupadi Murmu will embark on a two-nation tour, Suriname and Serbia from June ...
Washington and its allies in Europe have announced plans to launch training programs for Ukrainian pilotsThe Russian military has the ...
New Delhi [India], May 29 (ANI): Bombay Burmah Trading Corporation has said it has made a provision of Rs 1,865.66 ...