A bank manager checks yen and dollar banknotes at a main branch of Hana bank in Seoul, April 17. Yonhap

Foreign currency deposits declined for the third straight month in March as import settlements increased, central bank data showed Tuesday.

Residents' outstanding foreign currency-denominated deposits reached $95.01 billion at end-March, down $1.12 billion from the previous month, according to the data from the Bank of Korea (BOK).

Residents include local citizens, foreigners who have stayed in Korea for more than six months and foreign companies. The data excludes interbank foreign currency deposits.

By currency, dollar-denominated deposits fell by $280 million to $77.59 billion, and Japanese yen-denominated deposits declined by $40 million to $9.82 billion last month.

Euro-denominated deposits also fell by $700 million to $5.37 billion, and Chinese yuan-denominated deposits fell by $100 million to $1.01 billion, according to the data.

Corporate deposits came to $80.05 billion as of March, down $700 million from the previous month, with individual holdings falling by $420 million to $14.96 billion. (Yonhap)