MAR­GINAL FALL

Finweek English Edition - - ECONOMICTRENDS -

Net re­serves fell slightly to US$44,73bn in March from $44,78bn in Fe­bru­ary. This doesn’t mean the Re­serve Bank didn’t in­ter­vene in the cur­rency mar­ket to weaken the rand: that’s clear from the gross re­serves, which rose to $49,3bn, boosted by a $1,8bn in­crease in for­eign cur­rency. In­cluded in the gross re­serves were the pro­ceeds from in­ter­ven­tion and a Gov­ern­ment bond is­sue.

Re­serves and im­port cover

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