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Dollar Deposits Slip after 5 Months of Growth

Written: 2015-12-11 15:41:30Updated: 2015-12-11 17:05:17

Dollar Deposits Slip after 5 Months of Growth

Dollar deposits at banks went south for the first time after growing for five consecutive months.
 
Bank of Korea figures show that foreign currency deposits last month stood at 62-point-31 billion dollars, down one-point-09 billion dollars from the previous month.
 
Of the total, the U.S. dollar took up 48-point-62 billion dollars, down 830 million dollars. It is the first time dollar deposits have declined in five months.  
 
The Bank of Korea explained that the amount went down as some public corporations withdrew money to pay back foreign currency bonds.

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