SA’s net foreign reserves rise to $44.897 bln in December

0
324
South African Reserve Bank Governor Lesetja Kganyago attends IMFC press conference during the IMF/World Bank spring meeting in Washington, U.S., April 21, 2018. REUTERS/Yuri Gripas

JOHANNESBURG (Reuters) – South Africa’s net foreign reserves rose to $44.897 billion in December from $44.415 billion in November, Reserve Bank data showed on Wednesday.

Gross reserves increased to $55.058 billion at the end of December from $54.893 billion in the previous month.

The forward position representing the central bank’s unsettled transactions, or swap, showed a negative balance of $64 million in December after a positive balance of $31 million in November.

Reporting by Olivia Kumwenda-Mtambo; editing by Helen Reid

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