The South African Reserve Bank published an information notice setting out the US dollar equivalent levels of its official gold and foreign exchange reserves, Special Drawing Rights holdings, foreign currency deposits received from customers, and forward position as at 30 June 2025. Gross reserves were USD 68,415 million, up USD 299 million from 31 May 2025, comprising gold reserves of USD 13,239 million, SDR holdings of USD 6,524 million and foreign exchange reserves of USD 48,652 million. Foreign currency deposits received were USD -3,731 million, the forward position was USD 532 million, and the international liquidity position increased by USD 412 million to USD 65,216 million. The monthly movement in gross reserves and the international liquidity position was mainly attributed to valuation adjustments and asset price movements, partly offset by a lower US dollar gold price and foreign exchange payments made on behalf of government.