The foreign currency savings of residents in South Korea reached 24.31 billion U.S. dollars in October, up 1.04 billion U.S. dollars from the previous month, the Bank of Korea (BOK) said Tuesday.
"Although individuals put less money into foreign currency deposits, foreign currency savings by residents increased on the back of higher export earnings and local lenders' efforts to attract foreign currency-denominated deposits," the BOK said in a statement.
According to the central bank, savings in U.S. dollars rose by 940 million U.S. dollars last month to 20.61 billion U.S. dollars.
Savings in Japanese yen climbed by 10 million U.S. dollars to 1.56 billion U.S. dollars while Euro savings also gained by 140 million U.S. dollars to 1.81 billion U.S. dollars, it added.
Source: Xinhua
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