South Africa's net foreign reserves rise to $54.844bn in January
South Africa's net foreign reserves rose to $54.844bn in January from $53.827bn in December, the Reserve Bank said on Tuesday.
![Source: Reuters.](https://biz-file.com/c/2302/686747-700x364.jpg?5)
Source: Reuters.
Gross reserves also increased to $61.864bn in January from $60.570bn in December.
The forward position, which represents the central bank's unsettled or swap transactions, rose to $0.555bn from $0.554bn.
Source: Reuters
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