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Johannesburg - The South African Reserve Bank's (Sarb) dollar-denominated holdings of gold and foreign assets rose by $1.336bn to $50.602bn in April from $49.266bn in March, data released by the Reserve Bank on Monday shows.
Net reserves rose $1.314bn to $46.039bn from $44.725bn previously.
Foreign exchange reserves were up $854m to $41.529bn, while gold reserves rose $421m to $6.177bn.
The Sarb reported its special drawing rights (SDRs) holdings - an interest-bearing international asset created by the IMF allocated in terms of a member's quota, which is based on its relative size in the world economy - at $2.896bn from $2.835bn the month before.
The forward position was $3.940bn from $4.087bn in March, while foreign deposits received were at -$8.503bn from -$8.628bn previously, signifying a $125mn increase.
The Sarb said the increase in the gross reserves was primarily due to valuation adjustments associated with the increase in the US dollar price of gold and the depreciation of the US dollar against other major currencies, as well as foreign exchange purchases.
The forward position, it added, was impacted by a portion of longer term foreign exchange swaps maturing during April.
The change in the international liquidity position reflected the change in the gross reserves, which was offset by the change in the foreign currency deposit received and the forward position.
Net reserves rose $1.314bn to $46.039bn from $44.725bn previously.
Foreign exchange reserves were up $854m to $41.529bn, while gold reserves rose $421m to $6.177bn.
The Sarb reported its special drawing rights (SDRs) holdings - an interest-bearing international asset created by the IMF allocated in terms of a member's quota, which is based on its relative size in the world economy - at $2.896bn from $2.835bn the month before.
The forward position was $3.940bn from $4.087bn in March, while foreign deposits received were at -$8.503bn from -$8.628bn previously, signifying a $125mn increase.
The Sarb said the increase in the gross reserves was primarily due to valuation adjustments associated with the increase in the US dollar price of gold and the depreciation of the US dollar against other major currencies, as well as foreign exchange purchases.
The forward position, it added, was impacted by a portion of longer term foreign exchange swaps maturing during April.
The change in the international liquidity position reflected the change in the gross reserves, which was offset by the change in the foreign currency deposit received and the forward position.
