South Africa's gross forex reserves surged to a record $68.116 billion in May 2025, up from $67.585 billion in April. The rise was fueled by higher gold reserves at $13.277 billion, increased SDR holdings at $6.439 billion, and stronger foreign currency reserves at $48.4 billion. Meanwhile, the central bank's forward position fell to $0.528 billion from $0.791 billion.

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