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January forex reserves rise to $48bn

Feb 07 2013 09:05 Reuters

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Johannesburg - South Africa's net gold and foreign exchange reserves rose to $48.130bn at the end of January from $47.948bn in December, data from the Reserve Bank showed on Thursday.

Gross reserves rose to $51.227bn in January from $50.735bn in December while the forward position, which represents the bank's unsettled spot or swap transactions, was lower at $4.791bn from $5.234bn in December.


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