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 March 2000 4 April 2000 The Bank's provisional gross gold and foreign exchange reserves amounted to R48,5 billion as at 31 March 2000, compared to R47,0 billion as at 29 February 2000. The utilisation of foreign credit lines at the end of March 2000 amounted to R16,5 billion, compared to R16,4 billion as at the end of February 2000.The net open foreign currency position (NOFP) was US$10,3 billion at close of business on 31 March 2000 compared to US$11,1 billion at the end of February 2000.The outstanding oversold forward book of the Bank was US$15,2 billion at close of business on 31 March 2000, compared to US$16,0 billion at the end of February 2000.The changes in the NOFP and the oversold forward book were mainly attributable to the proceeds of the South African Government 9,125% US$750 million bond issue.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 April 2000.