The South African Reserve Bank published its template on international reserves and foreign currency liquidity with end-February 2025 data covering the short-term foreign currency assets and liabilities of the South African Reserve Bank and South Africa’s Central Government. Official reserve assets were reported at USD 66,263 million on an approximate market-value basis. Alongside the reserves stock, the template sets out predetermined and contingent short-term net drains on foreign currency assets over the following year, including Central Government principal outflows of USD 3,064 million and interest outflows of USD 1,836 million, and a net long position of USD 531 million in forwards and futures against the domestic currency. Contingent liabilities (net drains) within one year were shown at USD 853 million, split between Central Government principal (USD 419 million) and interest (USD 434 million). Memorandum items reported USD 63,105 million in currencies in the Special Drawing Rights basket (including gold) and USD 3,158 million in currencies outside the SDR basket, and the release reiterated prior methodological notes on the pre-December 2005 definition of reserves and the January 2013 reclassification of reserves placed with fund managers from deposits to securities.

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