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SA's net reserves down

Jul 05 2013 16:00

(Shutterstock)

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Johannesburg - South Africa's net gold and foreign exchange reserves fell for the fifth straight month in June, dipping to $44.604bn from $45.416bn in May, data from the Reserve Bank showed on Friday.

Gross reserves were down to $46.979bn from $48.146bn in May while the forward position, which represents the Bank's unsettled spot or swap transactions, was up at $4.157bn from $3.883bn in May.
 

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