South Africa’s net foreign reserves down to $50.877 billion in March

PUBLISHED: Fri, 09 Apr 2021 06:09:04 GMT
Share

JOHANNESBURG, April 9 (Reuters) – South Africa’s net foreign reserves fell to $50.877 billion in March from $51.577 billion in February, the Reserve Bank said on Friday.

Sign Up for Our Newsletter Daily Update

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.

Gross reserves also edged lower, to $52.995 billion in March from $53.788 billion the prior month. The forward position, which represents the central bank’s unsettled or swap transactions, fell to $4.188 billion from $4.364 billion. (Reporting by Olivia Kumwenda-Mtambo Editing by Promit Mukherjee)

(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html

,