Business & Finance
South Africa's net foreign reserves down to $51.257bn in November
- Gross reserves rose to $53.760 billion in November from $53.658 billion the prior month.
JOHANNESBURG: South Africa's net foreign reserves edged lower to $51.257 billion in November from $51.364 billion in October, the Reserve Bank said on Monday.
Gross reserves rose to $53.760 billion in November from $53.658 billion the prior month.
The forward position, which represents the central bank's unsettled or swap transactions, fell to $4.648 billion from $4.901 billion.
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