Johannesburg — South Africa‘s net foreign reserves fell to $54.626 billion in April from $55.388 billion in March, the Reserve Bank said on Monday.
Gross reserves edged higher, to $60.280 billion in April from $58.163 billion in March. The forward position, which represents the central bank’s unsettled or swap transactions, was at $3.065 billion from $3.066 billion.
*Olivia Kumwenda-Mtambo; Editing: Bhargav Acharya – Reuters
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