SEOUL, March 15 (Reuters) - South Korea’s foreign exchange deposits in February rose for a second month to their highest level in two and a half years, central bank data showed on Wednesday.
Foreign exchange bank deposits stood at $67.94 billion at the end of February, the Bank of Korea said, the biggest amount since end-August 2014.
At the end of January, deposits were $64.65 billion.
The deposits rose mainly on a gain in dollar deposits as exporters and importers stowed more in their accounts for trade settlements, the bank said.
In February, dollar deposits rose $8.54 billion to $57.98 billion to account for 85.4 percent of total foreign exchange bank deposits.
Total deposits held by companies added $2.72 billion to $56.62 billion in February and those held by private entities inched up $570 million to $11.32 billion over the same period, the data showed. (Reporting by Christine Kim; Editing by Richard Borsuk)