S.Africa's net reserves tick up to $40.654 bln in December - CNBC Africa

S.Africa's net reserves tick up to $40.654 bln in December

Southern Africa

by Reuters 0

S.Africa's net reserves tick up to $40.654 bln in December. PHOTO: Wikipedia

South Africa's net gold and foreign exchange reserves were at 40.654 billion US dollars in December, up slightly from 40.471 billion US dollars in November, Reserve Bank data showed on Friday.

Gross reserves also edged higher to 45.787 billion US dollars from 45.14 billion US dollars previously. The forward position, which represents the central bank's unsettled or swap transactions, dropped to $1.424 billion in December versus $2.106 billion.

Comments