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 Reserves of theSouth African Reserve Bank as at 31 October 2003 7 November 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 31 October 2003 published today in the Bank’s Statement of Assets and Liabilities. As at31 October 2003As at30 September 2003 Gold$1 381millionR9 518million$1 378millionR9 608million Foreign Exchange$6 453 millionR44 462 million$6 461 millionR45 032 million Gold and Foreign Exchange Reserves$7 835 millionR53 980 million$7 839 millionR54 640 million The dollar equivalent of the gold and foreign exchange reserves remained virtually unchanged during the month ending 31 October 2003, while the decrease in the rand value was attributable to a marginal appreciation of the rand against the dollar.