JOHANNESBURG (Reuters) – South Africa’s net foreign reserves fell to $40.809 billion in December from $41.077 billion in November, the Reserve Bank said on Monday.

Gross reserves rose to $47.356 billion from $47.043 billion, the central bank’s data showed.

The forward position, which represents the central bank’s unsettled or swap transactions, fell to $1.771 billion in December from $2.412 billion in the previous month.

(Reporting by Olivia Kumwenda-Mtambo; Editing by Himani Sarkar)