SA’s foreign exchange reserves rise to record high
The accumulation of gross reserves bodes well for the country’s import cover level
07 February 2023 - 12:45
SA’s foreign-exchange reserves increased to a record high in January, SA Reserve Bank data shows.
Foreign-exchange reserves rose to $61.9bn in January from $60.6bn in the previous month, when the country received proceeds from foreign borrowings amounting to $318m from the French Development Agency...
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