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S Korea Sees Foreign Currency Deposits Dip by US$100 Mln

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South Korean residents' foreign currency savings decreased by US$100 million in April mainly due to companies' deposit withdrawal, the central bank said on Tuesday.

The outstanding foreign currency deposits by local residents as of end-April stood at US$25.82 billion, stepping down from US$25.92 billion a month earlier, the Bank of Korea(BOK) said.

While deposits denominated in the US dollar declined by US$340 million to US$21.53 billion, Japanese yen savings and euro deposits expanded on-month by US$120 million and US$100 million, respectively, to reach US$2 billion and US$1.9 billion.

(Xinhua News Agency May 12, 2009)