South Africa’s net reserves fall to $53.813 billion in June

(Reuters) – South Africa’s net reserves fell to $53.813 billion in June from $54.431 billion in May, the Reserve Bank said on Thursday.

Gross reserves also fell, to $58.923 billion in June from $59.258 billion in May.

The forward position, which represents the central bank’s unsettled or swap transactions, dropped to $2.383 billion from $2.836 billion.

(Reporting by Alexander Winning and Anait Miridzhanian)

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