Wednesday, March 15, 2017

"When Rice dollars." Up to a $ 58 billion dollar deposit



[Korea Jeongseon financial newspaper reporters - as the won / dollar exchange rate increased significantly impact the dollar deposits of domestic residents.

According to the Bank of Korea announced 15 days 'trends of resident foreign currency deposits in February 2017' resident foreign currency deposit balance of foreign exchange banks increased $ 3.2 billion over the end of February 9000 10 000 67.900004 billion by the end of January than a million dollars. Following the first two months it rose consecutive month.

Resident foreign currency deposits in domestic currency deposits by foreign companies operating in such foreign, domestic lived for more than six months in domestic and deposited in domestic banks.

In particular, in February the dollar deposits posted a new record high level of $ 2.75 billion to US $ 80 million balance neulmyeo 57.9 billion a month. Last August ($ 56.92 billion) a previous maximum run over. January-February this year, two months dollar deposits increased by 8.300002 billion or million dollars.

The Bank of Korea analyzed that "the dollar deposits grew by businesses of import and export Payment deposit, such as some companies tend to hold the dollar.

In February, US dollar deposits have increased and this is now $ 2.39 billion, US dollar deposits of individuals increased by $ 360 million.

Effect in February won / dollar average exchange rate of the US administration's protectionist movement Trump fell in January compared to approximately ₩ 38 closing price.

The yen and the euro also rose to 'Payment of import and export enterprises, deposits of some investors' deposits, including securities. Yen deposits $ 240 million increased $ 4.15 billion, euro deposits totaled 200.008 million to $ 3 billion US dollars increased by 10 000.

In contrast to the RMB deposits were $ 170 million decreased $ 1.18 billion more than delivered "while reduced import demand payment of large enterprises.

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