South Africa’s Net Foreign Reserves Fall to $42.44 Billion in July

Enterprise Television – South Africa’s Net Foreign Reserves Fall to $42.44 Billion in July

South Africa Reserve Bank said has confirmed that South Africa’s net foreign reserves fell slightly to $42.440 billion in July from $42.447 billion in June.

According to data from the central bank, Gross reserves fell to $50.511 billion from $50.582 billion.

However, the forward position, which represents the central bank’s unsettled or swaps transactions, decreased to $1.790 billion in July from $1.809 billion the previous month.

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