Statement on the Gold and Foreign Exchange Reserves of the Bank
Last Modified Date:
2020-10-08, 02:13 PM
Notices > Information Notice | >
Statement issued by the South African Reserve Bankon the Gold and Foreign Exchange Reservesof the Bank as at 30 June 1998 2 July 1998 The Bank's provisional gross gold and foreign exchange reserves amounted to R33,4 billion as at 30 June 1998, compared to R32,9 billion as at 31 May 1998. The utilisation of foreign credit lines at the end of June 1998 amounted to R17,0 billion compared to R17,1 billion at the end of May 1998.The net oversold foreign exchange open position of the Bank amounted to US$22,5 billion as at close of business on 30 June 1998.Any possible changes to these preliminary figures will be reflected in the Bank's monthly Statement of Assets and Liabilities to be published on Wednesday, 8 July 1998.