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 and foreign currency deposits received from customers in its Statement of Assets and Liabilities as at 31 March 2026. Gross reserves fell by USD 3,301 million to USD 77,759 million, and the international liquidity position decreased by USD 2,648 million to USD 73,187 million, driven mainly by the lower US dollar gold price, valuation effects from foreign exchange and asset price movements, and foreign exchange payments made on behalf of government. Gold reserves stood at USD 18,503 million, SDR holdings at USD 6,588 million and foreign exchange reserves at USD 52,668 million, with the latter including foreign currency deposits received. Foreign currency deposits received from customers were recorded at minus USD 5,158 million, reflecting in part National Treasury foreign loans and foreign exchange purchases. The forward position was USD 586 million and mainly comprised outstanding foreign exchange forward and swap transactions used for sterilisation and liquidity management. Over the month, the market gold price fell by 11.60% to USD 4,585.47 and USD/ZAR rose by 7.36% to 17.0794.

Original source View in tracker