Statement on the Gold and Foreign Exchange Reserves of the Bank
Last Modified Date:
2020-10-08, 02:10 PM
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Information notice on the Gold and Foreign Exchange Reserves of the South African Reserve Bank as at 30 September 2003 7 October 2003 This notice provides details of the US dollar and rand equivalent of the level of the Reserve Bank’s gold and foreign exchange reserves as at 30 September 2003 published today in the Bank’s Statement of Assets and Liabilities. As at30 September 2003As at31 August 2003 Gold$1 378millionR9 608million$1 311millionR9 607million Foreign Exchange$6 461 millionR45 032 million$6 462 millionR47 334 million Gold and Foreign Exchange Reserves$7 839 millionR54 640 million$7 773 millionR56 941 million The increase in the US dollar equivalent of the gold reserves is attributable to the stronger gold price, while the decrease in the rand value of the foreign exchange reserves is attributable to the stronger dollar/rand exchange rate.