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 (SDRs), and foreign currency deposits received from customers as at 31 March 2025. Gross reserves increased by USD 1.186 billion month on month to USD 67.450 billion, while the international liquidity position rose by USD 1.434 billion to USD 63.167 billion. Gold reserves rose to USD 12.588 billion (up USD 1.043 billion) and SDR holdings to USD 6.306 billion (up USD 77 million), with foreign exchange reserves largely unchanged at USD 48.556 billion (up USD 66 million). Foreign currency deposits received stood at USD 4.809 billion (from USD 5.062 billion), and the forward position was USD 526 million (from USD 531 million). The increase in gross reserves and the international liquidity position was mainly driven by a higher US dollar gold price, valuation adjustments, and USD 216 million in foreign currency proceeds received on behalf of government, partly offset by foreign exchange payments made for government.
South African Reserve Bank 2025-04-07
South African Reserve Bank reports March 2025 gross reserves up to USD 67.45 billion and international liquidity position at USD 63.17 billion
The South African Reserve Bank reported an increase in gross reserves by USD 1.186 billion to USD 67.450 billion and a rise in the international liquidity position by USD 1.434 billion to USD 63.167 billion as of 31 March 2025. Gold reserves increased to USD 12.588 billion, and Special Drawing Rights holdings rose to USD 6.306 billion. The growth was primarily due to a higher US dollar gold price, valuation adjustments, and foreign currency proceeds received for the government.