Statement on the Gold and Foreign Exchange Reserves of the Bank
Last Modified Date:
2020-10-08, 02:04 PM
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Information notice on the official gold and foreign exchange reserves of theSouth African Reserve Bank as at 30 April 2009 This notice provides detail of the US dollar equivalent of the level of the South African Reserve Bank’s official gold and foreign exchange reserves and the level of outstanding foreign loans published today in the Bank’s Statement of Assets and Liabilities as at 30 April 2009. It also presents the level of foreign exchange forward and international liquidity positions as at the same date. As at30 April 2009(million)As at31 March 2009(million)Change (million)Gold reserves (1)US$3 538US$3 705-US$167Foreign exchange reservesUS$30 509US$30 403US$106Gross reservesUS$34 047US$34 108-US$61Foreign loans-US$641-US$652US$11Forward position (2)US$12US$2US$10International liquidity position(Net reserves)US$33 418US$33 458-US$40EUR/US$ exchange rateGBP/US$ exchange rateUS$/ZAR exchange rateMarket gold price (1)Statutory gold priceUS$1.3251US$1.4838R8.4650US$881.80R7 464.44US$1.3311US$1.4311R9.4950US$923.30R8 766.73 The gross gold and foreign exchange reserves decreased to US$34,0 billion at the end of April 2009, while the international liquidity position remained relatively unchanged at US$33,4 billion. The change in the foreign reserves reflects the usual foreign exchange operations of the Bank and valuation adjustments. 1 Gold in US dollar terms is reflected at mid-market rates. For reporting purposes all foreign currency figures have been converted to US dollar at mid-market rates at month end.2 The forward position comprises unsettled foreign currency spot transactions.