Gross reserves also dipped to $49.209bn at the end of the month, from $49.555bn in April, while the forward position, which represents the bank's unsettled or swap transactions, was slightly lower at $3.219bn from $3.281bn.
Friday, 6 June 2014
South Africa net reserves fall slightly
Johannesburg - South Africa's net gold and foreign exchange reserves were slightly lower at $44.506bn in May from $44.857bn in April, data from the SA Reserve Bank (Sarb) showed on Friday.
Gross reserves also dipped to $49.209bn at the end of the month, from $49.555bn in April, while the forward position, which represents the bank's unsettled or swap transactions, was slightly lower at $3.219bn from $3.281bn.
Gross reserves also dipped to $49.209bn at the end of the month, from $49.555bn in April, while the forward position, which represents the bank's unsettled or swap transactions, was slightly lower at $3.219bn from $3.281bn.
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