Information notice on the official gold and foreign exchange reserves of theSouth African Reserve Bank as at 30 September 2005 This notice provides details of the US dollar equivalent of the level of the Reserve Bank’s official gold and foreign exchange reserves as at 30 September 2005 published today in the Bank’s Statement of Assets and Liabilities. The notice also provides details of the level of outstanding foreign loans, the foreign exchange forward and the international liquidity position (net reserves).  As at30 September 2005(‘million)As at31 August 2005(‘million))Change (‘million)Gold reserves '1$1 888$1 723$165Foreign exchange reserves$17 647$17 238$409Gross reserves$19 535$18 961$574Foreign loans-$3 498-$3 485-$13Forward position '2$19$25-$6International liquidity position  (net reserves)$16 056$15 501$555Rand/Dollar exchange rateMarket gold price '1R6.3600$473.650R6.5050$432.400   At the end of September 2005 the official gross gold and foreign exchange reserves amounted to US$19,5 billion and net reserves to US$16,1 billion. The increase in the foreign exchange component of the gross reserves reflects a combination of valuation adjustments and foreign exchange operations conducted by the Reserve Bank for its own account as well as on behalf of customers. The value of gold reserves increased owing to an increase in the gold price at the end of September 2005 compared to the previous month-end.  _____________________________1 Gold in US dollar terms is reflected at middle market rates. For reporting purposes all foreign currency figures have been converted to US dollar at middle market rates at month end.2   The forward position is made up of unsettled foreign currency spot, forward and swap transactions. ​