South Africa’s Net Foreign Reserves Increase to $61.733 Billion in February

South Africa’s net foreign reserves rose to $61.733 billion in February 2025, from $61.328 billion in January. Gross reserves increased to $66.264 billion, up from $65.876 billion, while the forward position slightly rose to $0.531 billion.

As of the end of February 2025, South Africa’s net foreign reserves increased to $61.733 billion, a notable rise from $61.328 billion recorded in January. This information was released by the central bank on March 7, 2025. In addition, gross reserves rose to $66.264 billion in February, up from $65.876 billion the previous month. Furthermore, the forward position, reflecting unsettled or swap transactions by the central bank, experienced a slight increase from $0.529 billion to $0.531 billion.

In summary, South Africa’s net foreign reserves saw a healthy increase in February 2025, reaching $61.733 billion. Gross reserves also grew, indicating overall positive trends in the country’s foreign reserve management. The forward position’s slight rise further indicates a stable state within the central banking operations.

Original Source: www.zawya.com