South Africa’s foreign exchange reserves up $ 444M

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By Ahmed Ouf

The South African Reserve Bank (SARB) has declared that the country’s foreign exchange reserves reached USD40.295 million in December 2016, compared to $39.851 million in the previous month, with an increase $444 million.

It added that the gross reserves reached $ 47.356 in December 2016, up from $47.043 million in November 2016.

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