Statement on the Gold and Foreign Exchange Reserves of the Bank
Last Modified Date:
2020-10-08, 02:10 PM
Notices > Information Notice | >
Information notice on the Gold and Foreign Exchange Reservesof the South African Reserve Bank as at 31 July 2003 7 August 2003 This notice provides, for information, details of the US dollar and rand equivalent of the data of the Bank’s gold and foreign exchange reserves as at 31 July 2003 published today in the Reserve Bank’s Statement of Assets and Liabilities. As at31 July 2003As at30 June 2003 Gold$1 291millionR9 629 million$1 242 millionR9 312 million Foreign Exchange$6 461 millionR48 197 million$6 473 millionR48 552 million Gold and Foreign Exchange Reserves$7 752 millionR57 826 million$7 715 millionR57 864 million The increase in the US dollar equivalent of the gold reserves is attributable to the stronger gold price, while the change in the rand value of the foreign exchange reserves is attributable to valuations and the usual operations of the Reserve Bank in the foreign exchange market.