South Africa’s net foreign reserves fell slightly to 41.799 billion dollars in October from 41.953 billion dollars the previous month, the Reserve Bank said on Monday.

READ ALSO  Sultan calls for rent control boards

Gross reserves were, however, up at 47.848 billion dollars from 47.247 billion dollars, the central bank’s data showed.

READ ALSO  Borno residents filled with joy celebrate first rainfall in 2017

The forward position, which represents the central bank’s unsettled or swap transactions, also rose to 2.495 billion dollars in October from 2.201 billion dollars in September.

READ ALSO  INEC rigged Ondo election in advance for APC - Fayose

AdAre you a One Minute Man? This Nafdac Approved Solution Would Help you Last 30mins+ with no side effects