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SA's forex reserves inch lower

Johannesburg - South Africa’s net gold and foreign exchange reserves stood at $48.823bn at the end of April from $48.912bn in March, data from the central bank showed on Tuesday.

Gross reserves also fell to $49.942bn from $50.68bn 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 $6.409bn in April compared with $7.037bn previously.

 
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