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Africa, Forex

South Africa’s net reserves dip to $53.737 bln in July

JOHANNESBURG, Aug 5 (Reuters) – South Africa’s net reserves dipped to $53.737 billion in July from $53.813 billion in June, the Reserve Bank said on Friday.

Gross reserves rose, to $59.510 billion in July from $58.923 billion in June. The forward position, which represents the central bank’s unsettled or swap transactions, dropped to $1.606 billion from $2.383 billion.

(Reporting by Alexander Winning Editing by David Goodman )

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