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

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

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.

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)

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