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 (SDR) holdings and foreign currency deposits received from customers as at 31 January 2025. Gross reserves increased to USD65,876 million (from USD65,459 million at 31 December 2024) and the international liquidity position rose to USD61,328 million (from USD60,371 million). Gold reserves rose by USD769 million to USD11,315 million, SDR holdings were broadly unchanged at USD6,185 million and foreign exchange reserves decreased by USD351 million to USD48,376 million. Foreign currency deposits received were reported at (USD5,077 million) versus (USD5,620 million), while the forward position was USD529 million versus USD532 million. The SARB attributed the higher gross reserves and liquidity position mainly to an increase in the US dollar gold price and valuation adjustments, partly offset by foreign exchange payments made on behalf of government, including a partial repayment of an International Monetary Fund foreign exchange loan of USD497.6 million.
South African Reserve Bank 2025-02-07
South African Reserve Bank reports gross reserves of USD65.9bn and an international liquidity position of USD61.3bn at end-January 2025
The South African Reserve Bank reported an increase in gross reserves to USD65,876 million and an international liquidity position of USD61,328 million as of 31 January 2025. Gold reserves rose by USD769 million, while foreign exchange reserves decreased by USD351 million. The rise in reserves was attributed to a higher US dollar gold price and valuation adjustments, offset by foreign exchange payments, including a partial IMF loan repayment.