South Africa’s net foreign reserves increased to $61.733 billion in February 2025 from $61.328 billion in January. Gross reserves also rose to $66.264 billion from $65.876 billion, while the forward position grew to $0.531 billion from $0.529 billion.
At the conclusion of February 2025, South Africa’s net foreign reserves reached $61.733 billion, an increase from $61.328 billion recorded in January, as per data released by the central bank on March 7, 2025.
Additionally, gross reserves showed a positive trend, rising to $66.264 billion in February from $65.876 billion in the previous month. The central bank’s forward position, which accounts for unsettled or swap transactions, also experienced a slight increase, moving from $0.529 billion to $0.531 billion.
In summary, South Africa’s net foreign reserves and gross reserves demonstrated a notable increase at the end of February 2025. The rise in reserve levels indicates a strengthening position, with both net and gross reserves reflecting positive growth along with a slight increase in the forward position.
Original Source: www.zawya.com
