S. Korea's foreign currency deposit falls in April

Thu, 30 Nov 2023

S. Korea's foreign currency deposit falls in April

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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Belfast Bulletin.

More Information

2 ℃

Fair in Belfast/City

Northern Ireland

Section

Former PTI advisor Shahzad Akbar faces shocking acid attack in UK

LONDON, UK - Shahzad Akbar, a former accountability advisor to former Pakistani Prime Minister Imran Khan, has claimed that an ...

HSBC digital banking locks out thousands of customers in UK

LONDON, UK: In the latest in a series of related issues facing British banks, on November 24, thousands of HSBC ...

Irish lives matter graffiti investigated as hate crime police

Local lawmakers have condemned the slogan as ?racist poison? and an effort to ?create fear? among immigrantsPolice in Northern Ireland ...

Booker Prize winner says he did not "have a choice" in writing novel

London [UK], November 27 (ANI): Paul Lynch won the acclaimed Booker Prize, on Sunday in London. Lynch said that his ...

Korea cruise to gold at World Amateur Team Championship in Abu Dhabi Golf Club

ABU DHABI, 28th October, 2023 (WAM) -- World No. 4 Minsol Kim's 4-under 68 and a 71 from Kyrorim Seo ...

'Irish lives matter' graffiti investigated as hate crime - police

Local lawmakers condemned the slogan as "racist poison" and an effort to "create fear" among immigrants Police in Northern Ireland ...

International

Section

12 crew members reported missing as Cargo ship sinks off Greek island

LESBOS, Greece: Greek authorities said a cargo ship sank off the island of Lesbos over the weekend during a storm, ...

Bird flu forces culling of 1.35 million chickens on Ohio egg farm

COLUMBUS, Ohio: To stop the spread of bird flu, more than 1.3 million chickens will be killed on Ohio's Union ...

Israel accused of targeting reporters and their families

In a devastating turn of events, Israel's war on Gaza, sparked by Hamas's unprecedented attacks on October 7, has resulted ...

Candidate wins election in Louisiana by 1 vote where 43,000 voted

BATON ROUGE, Louisiana: In a Louisiana election where more than 43,000 people cast their ballots, a candidate for parish sheriff ...

CSX train derails in Kentucky, spills molten sulfur causing a fire

LIVINGSTON, Kentucky: This week, railroad operator CSX said a train derailment involving 16 cars, two of which spilled molten sulfur ...

Journalists and families taking heavy toll in Gaza

Fifty-seven journalists have been killed as of Saturday as a result of Israel's war on Gaza, which has extended to ...

Movie Review

T2 Trainspotting