The South African Reserve Bank published an information notice setting out the US dollar equivalent of its official gold and foreign exchange reserves, Special Drawing Rights holdings and foreign currency deposits received from customers as reflected in its Statement of Assets and Liabilities as at 28 February 2025. Gross reserves rose to USD 66,264 million and the international liquidity position increased to USD 61,733 million, up USD 388 million and USD 405 million respectively from 31 January 2025. Gold reserves increased by USD 230 million to USD 11,545 million, SDR holdings rose by USD 44 million to USD 6,229 million, and foreign exchange reserves increased by USD 114 million to USD 48,490 million. Foreign currency deposits received from customers were USD -5,062 million and the forward position was USD 531 million. The increase in gross reserves and the international liquidity position was mainly attributed to the higher US dollar gold price and valuation adjustments, partly offset by foreign exchange payments made on behalf of government.
South African Reserve Bank 2025-03-07
South African Reserve Bank reports gross reserves of USD 66,264 million and international liquidity position of USD 61,733 million at 28 February 2025
The South African Reserve Bank reported an increase in gross reserves to USD 66,264 million and the international liquidity position to USD 61,733 million as of 28 February 2025. Gold reserves rose by USD 230 million, SDR holdings by USD 44 million, and foreign exchange reserves by USD 114 million. The rise was driven by a higher US dollar gold price and valuation adjustments, despite foreign exchange payments made on behalf of the government.