South Africa’s net foreign reserves fell to 43.115 billion dollars in April from 43.384 billion dollars in March, the Reserve Bank said on Tuesday.
Gross reserves also fell to 49.539 billion dollars from 49.979 billion dollars , the Central Bank data showed.
The forward position, which represents the central bank’s unsettled or swap transactions, was lower at 1.933 billion dollars from 1.996 billion dollars in the previous month.
“The decrease of 440 million dollars in the gross reserves reflects the foreign exchange payments made on behalf of the government and the appreciation of the U.S. dollar against most currencies,” the central bank said.
