(MENAFN- Qatar News Agency) Oul may 12 (qna) - foreign currency deposits in south korean banks jumped to a record high in april as exporters put their dollars into deposits the central bank said monday.
outstanding foreign currency-denominated deposits held by residents reached us$58.42 billion as of end-april up $7.32 billion from the previous month according to the bank of korea.
the april figure marked the highest level since $52.68 billion in february according to south korea's (yonhap) news agency.
residents include local citizens foreigners staying here for more than six months and foreign companies. the data excludes inter-bank foreign currency deposits.
the dollar-denominated deposits increased by $4.78 billion on-month to $42.47 billion and the yuan-denominated deposits rose $2.02 billion to $9.91 billion.
companies' holdings of fx deposits gained $6.67 billion to $52.47 while such deposits held by individuals added $650 million to $5.95 billion according to the bank. (qna)
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