South Africa’s net foreign reserves fall in July

Wed, Aug 7, 2019
By publisher
1 MIN READ

Africa

SOUTH Africa’s net foreign reserves fell to $43.906 billion in July from $43.940 billion in June, the Reserve Bank said on Wednesday.

The central bank data also showed that gross reserves declined to $49.360 billion at the end of July from $49.804 billion in the prior month.

The forward position, which represents the central bank’s unsettled or swap transactions, rose to $539 million in July from $376 million in June. (Reuters/NAN)

– Aug. 7, 2019 @ 12:45 GMT |

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