South Africa’s net foreign reserves reached $61.733 billion in February 2025, an increase from January’s $61.328 billion. Gross reserves also rose to $66.264 billion, while the central bank’s forward position increased to $0.531 billion from $0.529 billion.
As of February 2025, South Africa’s net foreign reserves increased to $61.733 billion, up from $61.328 billion in January, according to data released by the central bank on March 7, 2025. Additionally, gross reserves experienced a rise to $66.264 billion, compared to $65.876 billion in the previous month. The forward position, which indicates the central bank’s unsettled or swap transactions, also increased to $0.531 billion, slightly up from $0.529 billion.
The recent increase in South Africa’s net and gross foreign reserves highlights a positive trend, while the rise in the central bank’s forward position further indicates active financial management. These developments reflect overall economic stability and the effective handling of foreign exchange reserves.
Original Source: www.zawya.com
