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Foreign exchange reserves rise to R459bn

Johannesburg - The South African Reserve Bank’s (Sarb’s) rand-denominated holdings of gold and foreign assets rose by R9.2bn to R459.9bn in March‚ data released by the Sarb on Monday showed.

Foreign exchange reserves excluding gold and SDRs rose by R6.8bn to R376bn‚ while gold reserves jumped by R2.1bn to R59.3bn. SDR reserves added R377m to R24.6bn.

The valuation increase was due to a higher gold price.

Physical gold holdings rose by just 76 ounces to 4‚021‚814 ounces.

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Rand - Dollar
18.94
-0.2%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.43
+0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
910.50
+1.5%
Palladium
1,011.50
+1.0%
Gold
2,221.35
+1.2%
Silver
24.87
+0.9%
Brent-ruolie
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
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