South Africa’s net foreign reserves rise to $63.167 billion in March

JOHANNESBURG: South Africa’s net foreign reserves rose to $63.167 billion at the end of March from $61.733 billion in February, central bank data showed on Monday.

Gross reserves increased to $67.450 billion in March from $66.264 billion the prior month.

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The forward position, which represents the central bank’s unsettled or swap transactions, fell to $0.526 billion from $0.531 billion.