Amount of floating money in Korea hits US$ 988 bil. in March, 4th record high in row
- 6 years ago
The amount of so-called 'floating money' in Korea has hit a record high for the fourth month in a row.
The Bank of Korea says.... 'floating money'.... or the amount of cash and other short-term capital, including demand deposits,.... topped one-thousand-90 trillion Korean won,.... or nine-hundred-88 billion U.S. dollars,... as of the end of March.
This includes... 4-hundred-80 billion dollars in savings deposits,.... over two-hundred billion in demand deposits,.... 88 billion in cash, among others.
On-year, it's up by 65 billion dollars.
The rise was attributed to the recent stock market correction,.... a drop in the number of housing market transactions and the waning local interest in cryptocurrencies.
The Bank of Korea says.... 'floating money'.... or the amount of cash and other short-term capital, including demand deposits,.... topped one-thousand-90 trillion Korean won,.... or nine-hundred-88 billion U.S. dollars,... as of the end of March.
This includes... 4-hundred-80 billion dollars in savings deposits,.... over two-hundred billion in demand deposits,.... 88 billion in cash, among others.
On-year, it's up by 65 billion dollars.
The rise was attributed to the recent stock market correction,.... a drop in the number of housing market transactions and the waning local interest in cryptocurrencies.