Net foreign reserves fall to $42.44bn in July

South Africa‘s net foreign reserves fell slightly to $42.440 billion in July from $42.447 billion in June, the Reserve Bank said on Tuesday.

Gross reserves fell to $50.511 billion from $50.582 billion, the central bank data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, decreased to $1.790 billion in July from $1.809 billion the previous month.