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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

South African reserves climb 2.2pct as dollar weakens

Posted on 08 October 2010

From Bloomberg: South Africa’s gross reserves climbed 2.2 percent in September as the gold price rose and a weaker dollar boosted the value of euro, pounds and other currency holdings, the central bank said.
Gold and foreign currency reserves increased to $44.07 billion from $43.1 billion in August, the Pretoria-based Reserve Bank said on its website today. Net reserves jumped 4.3 percent to $40.85 billion on an increase in longer-term foreign exchange swaps……………………………………….Full Article: Source


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