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 28 February 2001 2 March 2001 The Bank's provisional gross gold and foreign exchange reserves amounted to R58,0 billion as at 28 February 2001, compared to R58,5 billion as at 31 January 2001. The utilisation of foreign credit lines at the end of February 2001 amounted to R19,9 billion, compared to R20,2 billion as at the end of January 2001.The net open foreign currency position (NOFP) was US$9,5 billion at close of business on 28 February 2001, which is unchanged to the position as at the end of January 2001.The outstanding oversold forward book of the Bank was US$14,5 billion at close of business on 28 February 2001, which is unchanged to the position as at the end of January 2001.Any possible changes to these preliminary figures will be reflected in the Bank's monthly Statement of Assets and Liabilities to be published on Thursday 8 March 2001.