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 April 2001 3 May 2001 The Bank's provisional gross gold and foreign exchange reserves amounted to R60,2 billion as at 30 April 2001, compared to R60,3 billion as at 31 March 2001. The utilisation of foreign credit lines at the end of April 2001 amounted to R20,7 billion, compared to R20,8 billion as at the end of March 2001.The net open foreign currency position (NOFP) was US$9,0 billion at close of business on 30 April 2001, compared to US$9,4 billion as at the end of March 2001.The outstanding oversold forward book of the Bank was US$14,0 billion at close of business on 30 April 2001, compared to US$14,5 billion as at the end of March 2001.The improvement in the net open foreign currency position (NOFP) and the forward book is mainly attributable to the proceeds of the Republic of South Africa Euro 500 million 7,0 per cent notes.Any possible changes to these preliminary figures will be reflected in the Bank's monthly Statement of Assets and Liabilities to be published on Wednesday 9 May 2001.