Statement on the Gold and Foreign Exchange Reserves of the Bank
Last Modified Date:
2020-10-08, 02:12 PM
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Statement issued by the South African Reserve Bankon the Gold and Foreign Exchange Reservesof the Bank as at 30 April 1999 4 May 1999 The Bank's provisional gross gold and foreign exchange reserves amounted to R33,7 billion as at 30 April 1999, compared to R32,9 billion as at 31 March 1999. The utilisation of foreign credit lines at the end of April 1999 amounted to R17,3 billion, compared to R17,9 billion as at the end of March 1999.The outstanding oversold forward book of the bank was US$23,3 billion at close of business on 30 April 1999, compared to US$24,2 billion at the end of March 1999.The net open foreign currency position (NOFP) was US$20,6 billion at close of business on 30 April 1999, compared to US$21,7 billion at the end of March 1999 and a recent high of US$23,2 billion at 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, 10 May 1999.