JOHANNESBURG, Dec 7 – South Africa’s international liquidity position fell more than expected in November as gross reserves decreased on a stronger dollar against major currencies, causing a decline in foreign currency reserves.
Tag: south africa reserves
S.Africa's net reserves dip in February as dollar gains
Africa’s net gold and foreign exchange reserves fell slightly in February due to a firmer U.S. dollar, official data showed on Friday. The central bank said in a statement posted on its website the international liquidity position fell to $38.281 billion at the end of February from $38.63 billion in January. Gross reserves inched down […]