South Africa’s net foreign reserves fall to $42.44 billion in July

0
150

JOHANNESBURG (Reuters) – South Africa’s net foreign reserves fell slightly to $42.440 billion in July from $42.447 billion in June, the Reserve Bank said on Tuesday.

Gross reserves fell to $50.511 billion from $50.582 billion, the central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, decreased to $1.790 billion in July from $1.809 billion the previous month.

Reporting by Olivia Kumwenda-Mtambo; Editing by Ed Stoddard

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.