Statement on the Gold and Foreign Exchange Reserves of the Bank
Last Modified Date:
2020-10-08, 02:11 PM
Notices > Information Notice | >
Statement issued by the South African Reserve Bankon the Gold and Foreign Exchange Reservesof the Bank as at 31 January 2000 1 February 2000 The Bank's provisional gross gold and foreign exchange reserves amounted to R46,4 billion as at 31 January 2000, compared to R45,4 billion as at 31 December 1999. The utilisation of foreign credit lines at the end of January 2000 amounted to R17,3 billion, compared to R18,8 billion as at the end of December 1999.The net open foreign currency position (NOFP) was US$11,5 billion at close of business on 31 January 2000 compared to US$13,0 billion at the end of December 1999.The outstanding oversold forward book of the Bank was US$16,2 billion at close of business on 31 January 2000, compared to US$17,4 billion at the end of December 1999.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 February 2000.