S. Korea's foreign currency deposit turns downward in September

SEOUL, Oct. 29 (Xinhua) -- South Korea's foreign currency deposit turned downward last month on weaker demand for U.S., Japanese and European currencies, central bank data showed Wednesday.

The deposit, denominated in foreign currencies, shrank 0.55 billion U.S. dollars from a month earlier to 107.09 billion dollars at the end of September, after growing 2.49 billion dollars in August, according to the Bank of Korea (BOK).

The deposit, denominated in the U.S. dollar, declined 0.24 billion dollars to 90.72 billion dollars in the cited month.

The Japanese yen deposit decreased 0.15 billion dollars to 8.89 billion dollars, and the euro deposit fell 0.12 billion dollars to 5.01 billion dollars.

Foreign currency deposit, possessed by companies, reduced 0.70 billion dollars to 92.26 billion dollars in the same month, while the individuals-owned deposit rose 0.15 billion dollars to 14.83 billion dollars.

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