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DECLARATION OF THE 18th DAY OF MAY 2011 AS A PUBLIC HOLIDAY IN THE REPUBLIC OF SOUTH AFRICAThe President of the Republic of South Africa has declared the 18th day of May 2011 as a public holiday.The South African Reserve Bank (Bank) supports the normal market practice of changing the value date for foreign exchange forward transactions maturing on 18 May 2011 to the next business day, 19 May 2011, with adjustments inthe exchange rates.The Bank, encourages authorised dealers in the foreign exchange market to enter into alternative bilateral arrangements with respect to such transactions.Regarding the domestic market operations, the Bank, having consulted with relevant stakeholders, would like to confirm that: The Treasury bills that would mature on Wednesday, 18 May 2011, will mature on Thursday, 19 May 2011, without adjusting interest.The weekly Treasury bill auction that will be conducted on Friday, 13 May 2011 will settle on Thursday, 19 May 2011, i.e. on a T + 3 basis.The weekly main refinancing auction conducted on Wednesday, 11 May 2011, will be for 8 days to mature on Thursday, 19 May 2011.The weekly main refinancing auction that will be conducted on Thursday, 19 May 2011, will be for 6 days to mature on Wednesday, 25 May 2011. No settlement will take place on 18 May 2011 via the South African Multiple Option Settlement (SAMOS) system as implied in Operational Notice : 002-2011, released by the National Payment System Department on 3 March 2011.Any queries regarding the above may be directed to Callie Hugo at 012 313 4755 or Tom Khosa at 012 313 4950. Ms Z Mavuso Mbatha Head: Financial Markets Department