South African Foreign-Currency Reserves Increase 2% in September
South Africa’s gross gold and foreign currency reserves rose 2 percent in September.
Gross reserves increased to $51 billion last month, the Pretoria-based Reserve Bank said on its website today. The median estimate in a Bloomberg survey of five analysts was for a rise to $50.7 billion. Net reserves rose to $48.8 billion from $48.3 billion.
Gold reserves increased by $459 million to $7.1 billion. The metal gained 4.7 percent last month.
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