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06 Jul 2012

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SA forex reserves up in June

Reuters

Johannesburg - South Africa’s net gold and foreign exchange reserves rose slightly to $47.936bn at the end of June from $47.672bn in May, data from the Reserve Bank showed on Friday.

Gross reserves went up to $49.218bn in June from $48.907bn the previous month while the forward position, which represents the bank’s unsettled spot or swap transactions, slipped to $6.221bn from $6.270bn in May.

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