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South Africa's net reserves rise to $41.934 bln in April

Pulse Staff
Pulse Staff 08:02 - 08 May 2015
24 karat gold bars are seen at the United States West Point Mint facility in West Point, New York, in a file photo. REUTERS/Shannon Stapleton
24 karat gold bars are seen at the United States West Point Mint facility in West Point, New York, in a file photo. REUTERS/Shannon Stapleton
JOHANNESBURG (Reuters) - South Africa's net gold and foreign exchange reserves rose to $41.934 billion in April from $41.275 billion in March, data from the Reserve Bank showed on Friday.
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Gross reserves also increased to $47.043 billion from $46.437 billion but the forward position, which represents the central bank's unsettled or swap transactions, fell to $2.634 billion from $2.702 billion.

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