Information notice on the official gold and foreign exchange reserves of theSouth African Reserve Bank as at 31 May 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, foreign deposits received from customers and the level of outstanding foreign loans published today in the Bank’s Statement of Assets and Liabilities as at 31 May 2009. It also presents the level of foreign exchange forward and international liquidity positions as at the same date.  As at31 May 2009(million)As at30 April 2009(million)Change (million)Gold reserves (1)US$3 905US$3 538US$366Foreign exchange reservesUS$31 937US$30 509US$1,428Gross reservesUS$35 842US$34 047US$1,794Foreign loans-US$659-US$641-US$18Foreign deposits received-US$683US$0-US$683Forward position (2)US$1US$12-US$11International liquidity position(Net reserves)US$34 502US$33 418US$1,084EUR/US$ exchange rateGBP/US$ exchange rateUS$/ZAR exchange rateMarket gold price (1)Statutory gold priceUS$1.4094US$1.6134R7.9500US$973.10R7 736.145US$1.3251US$1.4838R8.4650US$881.80R7 464.44  The gross gold and foreign exchange reserves and the international liquidity position increased to US$35,8 billion and US$34,5 billion, respectively, at the end of May 2009. The change in gold and foreign exchange reserves reflects the usual foreign exchange operations of the Bank and sizeable valuation adjustments. In addition, gross reserves were influenced by the proceeds of a recent international bond issue by the Government. An element of these proceeds was placed on deposit with the Bank to provide for future foreign currency payment obligations as and when they fall due. 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. ​