The South African Reserve Bank published its Template on International Reserves and Foreign Currency Liquidity for end-November 2025, reporting official reserve assets of USD 72.068bn and providing a consolidated view of short-term foreign currency assets, liabilities and liquidity for the Reserve Bank and South Africa’s Central Government. Memorandum items show USD 68.687bn of reserves in currencies in the Special Drawing Rights basket (including gold) and USD 3.381bn in other currencies. Predetermined net drains within one year include Central Government foreign currency outflows of USD 2.114bn in principal and USD 1.771bn in interest, including USD 38m and USD 81m respectively due within one month, while the derivatives section reports net long positions of USD 554m and net short positions of USD 2m in forwards and futures. Contingent short-term net drains include other contingent liabilities of USD 1.231bn, comprising Central Government principal of USD 878m and interest of USD 353m, and the template reiterates that since January 2013 foreign-currency reserves placed with fund managers are classified as securities rather than deposits for reporting purposes.