Statement on the Gold and Foreign Exchange Reserves of the Bank
Last Modified Date:
2020-10-08, 02:14 PM
Notices > Information Notice | >
Statement issued by the South African Reserve Bankon the Gold and Foreign Exchange Reservesof the Bank as at 31 August 1997 1 September 1997 The Bank's provisional gross gold and foreign exchange reserves amounted to R25,9 billion as at 31 August 1997, compared to R22,8 billion as at 31 July 1997. The utilisation of foreign credit lines at the end of August 1997 amounted to R5,9 billion.Private individuals have transferred out of South Africa or placed into foreign currency accounts with authorised dealers an amount of R131 million during the period 1 August 1997 to 31 August 1997.Any possible changes to these preliminary figures will be reflected in the Bank's monthly Statement of Assets and Liabilities to be published on Friday, 5 September 1997.