South Africa’s net foreign reserves rise to $56.319bln in Nov

Reuters News

FILE PHOTO: A street money changer counts South African rand in Harare, May 5, 2016. REUTERS/Philimon Bulawayo/File Photo

South Africa’s net foreign reserves rose to $56.319 billion at the end of November from $55.510 billion in October, central bank data showed on Thursday.

Gross reserves increased to $61.721 billion in November from $60.962 billion in October. The forward position, which represents the central bank’s unsettled or swap transactions, was unchanged at $0.508 billion from $0.508 billion.

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