The Financial markets department of the South African Reserve Bank (SARB) published details of US dollar equivalent of the level of official gold and foreign currency deposits.
Gold reserves are at USD10, 655 million as of the 30th September 2024, up by USD 498 million, at the end of August 2024.
Foreign exchange reserves are at USD 46, 551 million, as of the 30th September 2024, up by USD121 million.
In total, gross reserves amount to USD 63, 633 million at the end of September 2024, up by USD 428 million, at the end of August 2024.
Foreign exhange reserves received, including foreign currency deposits received, are at R45, 386. 08 million at the end of September 2024, up by R2, 26 million, at the end of August 2024.
SARB said changes in the gross reserves and international liquidity position were mainly due to the increase in the US dollar gold price, valuation adjustments and asset price movements which were partially offset by foreign exchange payments made on behalf of the government.