SEOUL, Aug. 23 (Xinhua) -- South Korea's foreign currency deposit rose for the second straight month due to strong demand for the U.S. dollar deposit, central bank data showed Friday.
The deposit, denominated in foreign currencies, gained 3.87 billion U.S. dollars from a month earlier to 94.44 billion dollars at the end of July, after growing 1.61 billion dollars in the previous month, according to the Bank of Korea (BOK).
The consecutive growth was attributable to higher demand for the U.S. currency, affected by the temporary deposit of foreign currency bond issuance funds and the inflow of securities investment funds.
The deposit, denominated in the U.S. dollar, jumped 4.57 billion dollars from a month earlier to 78.04 billion dollars at the end of July.
The Japanese yen and the euro deposits decreased to 10.1 billion dollars and 4.13 billion dollars each.
The Chinese yuan deposit came in at 1.01 billion dollars at the end of July, down 0.17 billion dollars from a month earlier.
Foreign currency deposit, owned by companies, soared 3.85 billion dollars to 79.33 billion dollars in the cited month, while the individuals-possessed deposit added 0.02 billion dollars to 15.11 billion dollars. ■
