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SA’s Net Foreign Reserves Rise to $43.940bn in June

SA’s Net Foreign Reserves Rise to $43.940bn in June

26 July 2019 – South Africa‘s net foreign reserves rose to $43.940 billion in June from $43.178 billion in May, the Reserve Bank said on Friday.

Gross reserves also surged to $49.804 billion at the end of June from $48.329 billion in the prior month, central bank data showed.

But the forward position, which represents the central bank’s unsettled or swap transactions, dropped to $376 million in June from $1.152 billion in May. 

Source (Moneyweb) https://bit.ly/2Yj6GzF