Johannesburg — South Africa’s net foreign reserves rose to $54.844 billion in January from $53.827 billion in December, the Reserve Bank said on Tuesday.
Gross reserves also increased to $61.864 billion in January from $60.570 billion in December. The forward position, which represents the central bank’s unsettled or swap transactions, rose to $0.555 billion from $0.554 billion.
*Nellie Peyton, Editing: Alexander Winning – Reuters
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