Statement on the Gold and Foreign Exchange Reserves of the Bank
Last Modified Date:
2020-10-08, 02:13 PM
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Statement issued by the South African Reserve Bankon the Gold and Foreign Exchange Reservesof the Bank as at 30 November 1998 2 December 1998 The Bank's provisional gross gold and foreign exchange reserves amounted to R31,2 billion as at 30 November 1998, compared to R30,5 billion as at the end of October 1998. The utilisation of foreign credit lines at 30 November 1998 amounted to R18,3 billion, compared to R18,4 billion as at the end of October 1998.The outstanding oversold forward book of the bank was US$24,9 billion at close of business on 30 November 1998, compared to US$25,3 as at the end of October 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 Tuesday, 8 December 1998.