Скачать или смотреть South Africa’s Foreign Exchange Reserves – December 2024 Update

South Africa’s foreign exchange reserves – the nation’s savings account in foreign currencies, gold, and other assets – dipped slightly in December 2024 to $65.459 billion, down from a record-breaking $65.859 billion in November.

Key factors behind the dip:

Gold reserves lost value due to falling gold prices.
The US dollar strengthened, affecting the value of some assets.
Small declines in foreign currency reserves and Special Drawing Rights (SDRs) were observed.
A minor drop in the central bank’s swap transactions or forward position.
Despite the dip, foreign reserves remain critical for stabilizing the economy, supporting imports, and managing global financial pressures.

💡 Stay tuned to understand how these reserves impact South Africa’s economy and your financial future!

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