South African foreign currency reserves rebound
South African gold and foreign currency reserves rose 0.1 percent in February, rebounding from a drop in the previous month, as the price of bullion gained.
In a move to calm its frazzled financial markets, South Korea said it will back as much as $100 billion of its banks' foreign-currency debt and could make $30 billion of its foreign exchange reserves available to the banking sector, reports from the region said Sunday.