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 theSouth African Reserve Bank as at 31 December 2003 8 January 2004 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 December 2003 published today in the Bank’s Statement of Assets and Liabilities. As at31 December 2003As at30 November 2003 Gold$1 476millionR9 799million$1 412millionR9 045million Foreign Exchange$6 492 millionR43 106 million$6 468 millionR41 428 million Gold and Foreign Exchange Reserves$7 968 millionR52 905 million$7 880 millionR50 473 million The increase in the US dollar equivalent of the gold and foreign exchange reserves is mainly attributable to the higher gold price, while the increase in the rand value of the reserves is attributable to the lower rand/US dollar exchange rate.