SA’s gross reserves dip as gold price falls
07 June 2016 - 12:46
SA’s gross reserves‚ which include gold and foreign exchange‚ dipped in May‚ thanks partly to the fall in the dollar-denominated gold price.The Reserve Bank’s holdings of gross reserves fell $875m to $46.1bn in May‚ affected also by currency valuations and foreign exchange payments made on behalf of the government.
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