South Africa’s forex ( foreign exchange) earnings rose by $ 3.913 billion to $ 588.02 billion last week on April 30, 2021, according to RBI figures on Friday.
Last week, April 23, stocks rose $ 1.701 billion to $ 584.107 billion. The forex kitty had reached a peak of $ 590.185 billion last week on January 29, 2021.
During the reporting week ended April 30, 2021, the increase was due to an increase in foreign exchange reserves (FCAs), which is a large portion of the total reserves.
FCAs increased by $ 4.413 billion to $ 546,059 billion, according to weekly data by the Reserve Bank of India (RBI).
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Expressed in dollar terms, foreign exchange reserves include the effect of the appreciation or depreciation of non-US units such as the euro, pound and yen stored in foreign exchange reserves.
Gold reserves fell by $ 505 million to $ 35.464 billion in the reporting week, according to central bank data.
Special drawing rights (SDRs) and the International Monetary Fund (IMF) have increased by $ 3 million to $ 1.508 billion.
The country’s reservation with the IMF has risen by $ 2 million to $ 4.99 billion this week, data has shown.
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