HomeInternationalSouth Africa's net reserves fall to US$40,471 bln in November

South Africa’s net reserves fall to US$40,471 bln in November

SOUTH Africa’s net gold and foreign exchange reserves were lower at US$40,471 billion in November from US$41,308 billion in October, Reserve Bank data showed on Monday.

Gross reserves also dipped to US$45,14 billion from US$46,051 billion previously. The forward position, which represents the central bank’s unsettled or swap transactions, was at US$2,106 billion in November versus US$2,228 billion.-Reuters

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