16 Apr 2018, Waratthapoom Buarapha, EMIS Editor
South Korea’s foreign currency deposits surged to $81.33 billion in March 2018
The central bank attributed the surge in foreign currency deposits to the increase in dollar-denominated savings. According to data, deposits denominated in U.S. dollars have reached $70.08 billion in March, accounting for 86.2% of all currency funds in banks. Meanwhile, the yen and euro deposits have dropped to $4.71 billion and $3.3 billion, respectively.
According to the central bank, people have been trying to hold their dollar possessions last month as the Korean won strengthened slightly against the U.S. dollar.
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