In South Africa Net reserves rise to $40.901 billion in July

The forward position, which represents the central bank's unsettled or swap transactions, edged up to $1.723 billion from $1.616 billion.

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24 karat gold bars are seen at the United States West Point Mint facility in West Point, New York play 24 karat gold bars are seen at the United States West Point Mint facility in West Point, New York June 5, 2013. (REUTERS/Shannon Stapleton/File Photo)
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South Africa's net gold and foreign exchange reserves rose to $40.901 billion in July from $40.826 billion in June, Reserve Bank data showed on Monday.

Gross reserves fell to $46.157 billion from $46.366 billion, the central bank said.

The forward position, which represents the central bank's unsettled or swap transactions, edged up to $1.723 billion from $1.616 billion.

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