The South African Reserve Bank published a notice on the US dollar value of its official gold and foreign exchange reserves, Special Drawing Rights and foreign currency deposits received from customers as at 30 June 2026. Gross reserves fell to USD 74.115 billion from USD 76.583 billion at 31 May, while the international liquidity position declined to USD 71.338 billion from USD 73.467 billion. The move was driven mainly by a drop in gold reserves to USD 16.263 billion from USD 18.274 billion, alongside smaller declines in SDR holdings to USD 6.633 billion and foreign exchange reserves to USD 51.219 billion. Foreign currency deposits received from customers stood at USD 3.362 billion, compared with USD 3.700 billion a month earlier, and the forward position was broadly unchanged at USD 585 million. The Reserve Bank said the decline in gross reserves and the international liquidity position was primarily attributable to the lower US dollar gold price, valuation adjustments and foreign exchange payments made on behalf of the government.
South African Reserve Bank2026-07-07
South African Reserve Bank reports June drop in gross reserves to USD 74.1 billion
The South African Reserve Bank reported that gross reserves fell to USD 74.115 billion at 30 June 2026 from USD 76.583 billion a month earlier, while the international liquidity position declined to USD 71.338 billion. The decrease was driven mainly by lower gold reserves, valuation adjustments and foreign exchange payments made on behalf of the government.