Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  2. 7

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  3. 8

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  4. 9

    S. Korea votes in favor of Palestinian bid for UN membership

    S. Korea votes in favor of Palestinian bid for UN membership
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
소아쌤

[Graphic News] RMB deposits hit record high

By Korea Herald

Published : Aug. 10, 2014 - 20:39

    • Link copied

Chinese yuan-denominated deposits at banks in South Korea hit a record high as banks offered higher interest rates on savings accounts for consumers, according to Korea’s central bank.

Meanwhile, those of the U.S. dollar fell sharply last month, the Bank of Korea data showed.

Renmibi deposits amounted to $16.2 billion, accounting for almost 26 percent of the total foreign currency deposits as of the end of July.

The portion of dollar deposits fell to 64.5 percent, down 4.5 percent from the previous month and down 18.6 percent from the same period last year, while the total amount of foreign deposits hit a record $62.5 billion.

More from Headlines