South Africa’s Net Foreign Reserves Rise To $43.7bn




Nhlanhla Nene

South Africa’s Finance Minister Nhlanhla Nene

 

South Africa’s net foreign reserves inched up to $43.659 billion in February from $43.589 billion in January, the Reserve Bank said on Thursday.

 

The central bank data showed that gross reserves also edged higher, rising to $50.836 billion from $50.832 billion previously.

 

The forward position, which represents the central bank’s unsettled or swap transactions, fell to $1.369 billion in February from $1.382 billion in the previous month.

 

Reuters/NAN


Posted by on 07/03/2019. Filed under Economy, News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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