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 31 October 1998 3 November 1998 The Bank's provisional gross gold and foreign exchange reserves amounted to R30,5 billion as at 31 October 1998, which is unchanged from the end of September 1998. The utilisation of foreign credit lines at the end of October 1998 amounted to R18,4 billion which is unchanged from the end of September 1998.The outstanding oversold forward book of the bank was US$25,3 billion at close of business on 31 October 1998 which is unchanged from the end of September 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 Monday, 9 November 1998.