Fin24

Forex reserves fall in November

2012-12-07 08:32

Johannesburg - South Africa's net gold and foreign exchange reserves fell to $48.431bn at the end of November from $48.626bn in October, data from the Reserve Bank showed on Friday.

Gross reserves rose to $50.813bn in November from $50.678bn in October while the forward position, which represents the bank's unsettled spot or swap transactions, fell to $5.320bn from $5.595bn in October.