SEOUL, Sept 12 Foreign exchange bank deposits in
South Korea rose for a third month and reached a 16-month high
in August, central bank data showed on Monday, as dollar
deposits for investment purposes continued to increase.
Total foreign exchange deposits climbed $1.11 billion from
the previous month to $67.34 billion at end-August, the Bank of
Korea said, posting the biggest balance since April 2015.
Dollar deposits rose $1.18 billion to $56.92 billion,
hitting a record high, while deposits in the euro and the yuan
Of the increase in dollar deposits, $810 million was added
to individuals' savings accounts, reflecting the dollar-buying
opportunity created by the 3.6 percent gain in the won against
the dollar since July.
Dollar holdings accounted for 84.5 percent of all foreign
exchange deposits among South Korean residents last month.
Deposits of euro and the yuan were 4.6 percent and 2.8 percent
(Reporting by Cynthia Kim; Editing by Eric Meijer)