SA foreign-exchange reserves reach record high
The data comes amid calls for the Treasury to use the foreign-exchange reserves to ease its financial problems
08 January 2024 - 13:32
UPDATED 08 January 2024 - 16:59
SA’s gross gold and foreign-exchange reserves reached a record high in December, a welcome outcome that will help to buffer the balance of payments and maintain the confidence of financial markets.
Bank data released on Monday shows gross foreign-exchange reserves increased to $62.5bn in December 2023, up from $61.72bn in the previous month...
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