JOHANNESBURG May 8 (Reuters) – South Africa’s net gold and
foreign exchange reserves stood at $48.823 billion at the end of
April from $48.912 billion in March, data from the central bank
showed on Tuesday.
Gross reserves also fell to $49.942 billion from $50.68
billion in March, the bank said in a statement posted on its
website.
The forward position, which represents the bank’s unsettled
spot or swap transactions, was at $6.409 billion in April
compared with $7.037 billion previously.
(Reporting by Stella Mapenzauswa, editing by Ed Stoddard)
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