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 30 November 2000 4 December 2000 The Bank's provisional gross gold and foreign exchange reserves amounted to R58,0 billion as at 30 November 2000, compared to R56,8 billion as at 31 October 2000. The utilisation of foreign credit lines at the end of November 2000 amounted to R20,1 billion, compared to R19,6 billion as at the end of October 2000.The net open foreign currency position (NOFP) was US$9,5 billion at close of business on 30 November 2000, compared to US$9,6 billion as at the end of October 2000.The outstanding oversold forward book of the Bank was US$14,5 billion at close of business on 30 November 2000, compared to US$14,6 billion as at the end of October 2000.The changes are in the main attributable to valuations.Any possible changes to these preliminary figures will be reflected in the Bank's monthly Statement of Assets and Liabilities to be published on Friday, 8 December 2000.