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Updated Gold and Foreign Exchange Contingency Reserve Account QandA
Published Date:
2024-02-23
Last Modified Date:
2024-02-23, 11:50 AM
Category:
Media > Media Releases | What's New
In the February 2024 Budget Review, National Treasury (NT) described a reform to the settlement framework for the Gold and Foreign Exchange Contingency Reserve Account (GFECRA). This reform has been agreed between NT and the SARB. The core components of the reform are described in the Budget Review. This frequently asked questions (FAQs) document is being provided by the SARB to fill in some additional and technical details.