TEHRAN (ANA)- South Korea’s foreign currency deposit rose for the fourth successive month due to solid demand for the U.S. dollar deposit, central bank data showed.
The deposit, denominated in foreign currencies, grew 3.66 billion U.S. dollars from a month earlier to 104.07 billion dollars at the end of September, continuing to expand since June, according to the Bank of Korea (BOK).
The consecutive growth was attributed to higher U.S. currency deposit, affected by the depositing of export proceeds and the greenback bonds issued by public institutions.
The deposit, denominated in the U.S. dollar, gained 2.27 billion dollars from a month earlier to 85.84 billion dollars at the end of September.
The Japanese yen deposit was up 0.53 billion dollars to 10.34 billion dollars, but the euro deposit added 0.15 billion dollars to 4.98 billion dollars.
The Chinese yuan deposit stood at 1.66 billion dollars at the end of September, up 0.62 billion dollars from a month earlier.
Foreign currency deposit, owned by companies, swelled 3.5 billion dollars to 88.75 billion dollars in the cited month, while the individuals-possessed deposit climbed 0.16 billion dollars to 15.32 billion dollars.
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