South Korea's foreign currency deposits decelerated in December for the first time in seven months, due to decline in deposits denominated in the United States (US) dollar, while the deposits in the Chinese yuan continued to grow. According to the Bank of Korea (BOK), the foreign currency retail deposits recorded at USD 48.44bn , while it declined USD 0.17bn from a month earlier. The dollar deposits declined to USD 2.9bn during the period, though it was balanced with a sharp rise in the yuan deposits that increased USD 2.5bn , while it was recorded at USD 2.53bn dollars in November.
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