SEOUL, July 23 (Xinhua) -- South Korea's foreign currency deposit grew for the second straight month due to strong demand for the U.S. and Chinese currencies, central bank data showed Wednesday.
The deposit, denominated in foreign currencies, added 5.08 billion U.S. dollars from a month earlier to 106.44 billion dollars at the end of June, after mounting 5.10 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. and Chinese currency deposits.
The deposit, denominated in the U.S. dollar, swelled 3.60 billion dollars from a month earlier to 89.14 billion dollars at the end of June.
The Chinese yuan deposit expanded 1.10 billion dollars to 2.07 billion dollars in the cited month.
The Japanese yen deposit gained 0.26 billion dollars to 8.69 billion dollars, and the euro deposit climbed 0.12 billion dollars to 5.21 billion dollars.
Foreign currency deposit, possessed by companies, advanced 4.66 billion dollars to 91.67 billion dollars in the same month, while the individuals-owned deposit rose 0.42 billion dollars to 14.77 billion dollars. ■
