The South African Reserve Bank published an information notice detailing the US dollar equivalent of its official gold and foreign exchange reserves, Special Drawing Rights (SDRs) holdings and customer foreign currency deposits as at 30 April 2025, as reflected in its Statement of Assets and Liabilities. Gross reserves stood at USD 67,585 million and the international liquidity position at USD 64,318 million, both higher than at 31 March 2025. Gold reserves increased to USD 13,192 million (from USD 12,588 million) and SDR holdings to USD 6,436 million (from USD 6,306 million), while foreign exchange reserves fell to USD 47,957 million (from USD 48,556 million). Foreign currency deposits received were USD -4,058 million (from USD -4,809 million) and the forward position rose to USD 791 million (from USD 526 million). The changes were mainly driven by the higher US dollar gold price, valuation adjustments, money market swaps conducted for liquidity management, and foreign exchange payments made on behalf of government, including a partial repayment of an International Monetary Fund foreign exchange loan of USD 518.5 million.
South African Reserve Bank 2025-05-08
South African Reserve Bank reports international liquidity position of USD 64,318 million and gross reserves of USD 67,585 million at end-April 2025
The South African Reserve Bank reported an increase in its official gold and foreign exchange reserves as of 30 April 2025, with gross reserves at USD 67,585 million and the international liquidity position at USD 64,318 million. Gold reserves rose to USD 13,192 million, while SDR holdings increased to USD 6,436 million. The changes were influenced by a higher US dollar gold price, valuation adjustments, and liquidity management activities.