Seoul: Foreign currency deposits in the Republic of Korea declined for the third consecutive month in April, the central bank said Monday. Outstanding foreign currency-denominated deposits held by residents had stood at US$96.26 billion as of end-April, down $680 million from a month earlier, according to data from the Bank of Korea (BOK).
According to Emirates News Agency, it follows a $4.91 billion drop in February and a $1.59 billion decline in March. Corporate deposits led the fall, dropping $980 million on-month to $82.41 billion, while individual holdings rose $300 million to $13.85 billion.