South Africa's net reserves fall to $41.519 bln in May - CNBC Africa

South Africa's net reserves fall to $41.519 bln in May

Southern Africa

by Reuters 0

South Africa's net reserves fall to $41.519 bln in May.

South Africa's net gold and foreign exchange reserves fell to 41.519 in May from 41.934 billion US dollars in April, data from the Reserve Bank showed on Friday.

Gross reserves also decreased, to 46.446 US dollars from 47.043 billion US dollars previously but the forward position, which represents the central bank's unsettled or swap transactions, rose to 2.671 from 2.634 billion US dollars.

Comments