The amount of foreign currency deposits held by residents in South Korea fell last month to the lowest level in 23 months.
 
The Bank of Korea(BOK) announced on Thursday that the amount of foreign currency deposits held by those residing in the nation stood at roughly 53-and-a-half billion U.S. dollars as of the end of February. That’s down around two-point-one billion dollars from the end of January.

The February amount marked the lowest level since 51-point-one billion dollars recorded in March 2014.
 
Foreign currency deposits by residents refer to those deposited by South Koreans, foreigners who have resided in South Korea for more than six months and foreign companies that have advanced into the country.
 
Such deposits have witnessed a decline consecutively since last October.