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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

South African foreign currency reserves fall

Posted on 08 June 2010

From Ibtimes.com: South African Reserve Bank on Monday said the country’s gross foreign currency reserves fell 1.8 percent to $41.6 billion in May after it had risen 0.8 percent in April, as also its gold reserves fell for the first time in three months due to a stronger dollar.
The country’s net reserves fell to $37.9 billion from $38.5 billion…………………………………………Full Article: Source

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