South Africa's net reserves rise to $41.175 bln in March - CNBC Africa

South Africa's net reserves rise to $41.175 bln in March

Southern Africa

by Reuters 0

PHOTO: Wikipedia

South Africa's net gold and foreign exchange reserves were at $41.175 billion in March, up from $40.958 billion in February, Reserve Bank data showed on Thursday.

Gross reserves rose to $46.77 billion from $45.748 billion previously.

The forward position, which represents the central bank's unsettled or swap transactions, fell to $1.447 billion in March from $1.871 billion in February.

 

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