Seoul: South Korea's foreign currency deposit rebounded in August as a result of increased demand for the U.S. currency, central bank data revealed on Friday. The total foreign currency deposit rose by 2.49 billion U.S. dollars from the previous month, reaching 107.64 billion dollars at the end of August. This increase followed a decline of 1.29 billion dollars in July.

According to Namibia Press Agency, the deposit denominated in U.S. dollars saw a significant rise of 2.24 billion dollars, totaling 90.96 billion dollars during the same period. The deposit in Japanese yen also experienced growth, increasing by 0.29 billion dollars to 9.04 billion dollars. Additionally, the euro deposit rose by 0.06 billion dollars, reaching 5.13 billion dollars.

In contrast, the deposit denominated in Chinese yuan decreased by 0.06 billion dollars, settling at 1.13 billion dollars last month. The segment of foreign currency deposits held by companies expanded by 2.54 billion dollars, reaching a total of 92.96 billion dollars in August, while deposits owned by individuals slightly declined by 0.04 billion dollars, totaling 14.69 billion dollars.