South Africa’s net foreign reserves increased to $61.733 billion in February 2025 from $61.328 billion in January. Gross reserves rose to $66.264 billion, while the forward position grew to $0.531 billion. This data reflects the Central Bank’s ongoing economic management efforts.
As of the end of February 2025, South Africa’s net foreign reserves have risen to $61.733 billion, a notable increase from $61.328 billion in January, according to data released by the Central Bank on March 7, 2025. The gross reserves also demonstrated growth, climbing to $66.264 billion in February from $65.876 billion the previous month. Furthermore, the forward position, which accounts for the central bank’s unsettled or swap transactions, increased modestly to $0.531 billion, up from $0.529 billion.
South Africa’s latest foreign reserve figures indicate a positive trend in both net and gross reserves. The increase in the forward position signifies ongoing activities related to unsettled transactions. The data reflects ongoing economic stability and the Central Bank’s effective management of foreign reserves.
Original Source: www.zawya.com
