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2025.09.0506:21:11UTC+00South Africa Forex Reserves Rise to New Peak

In August 2025, South Africa's gross foreign exchange reserves reached a new record high of $70.420 billion, up from $69.161 billion the previous month. This growth was primarily attributed to an increase in gold reserves, which rose to $13.757 billion from $13.332 billion in July. Additionally, foreign currency reserves climbed to $50.160 billion from $49.395 billion, and Special Drawing Rights (SDR) holdings increased to $6.499 billion compared to $6.434 billion. Meanwhile, the central bank's forward position, reflecting its unsettled or swap transactions, remained constant at $0.535 billion, unchanged from the prior period.

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