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Johannesburg - The South African Reserve Bank's dollar denominated holdings of gold and foreign assets rose by $483m to $43.834bn in December from $43.351bn in November, data released by the Reserve Bank (Sarb) on Friday shows.
Net reserves rose $273m to $43.353bn.
Foreign exchange reserves were up $325m, while gold reserves rose $142m.
Total forex reserves were reported at $35.427bn, while gold reserves were at $5.654bn.
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 $2.754bn from $2.738bn the month before.
The forward position was $4.183bn from $3.779bn in November, while foreign deposits received were at -$4.664bn from -$4.050bn previously.
The Sarb said the change in gross reserves reflects the normal foreign exchange operations of the bank, foreign currency received from the government and valuation adjustments.
The international liquidity position increased by $273m because the increase in foreign deposits was partially offset by an increase of $404m in the overbought forward position. The latter increase reflects foreign exchange swap transactions conducted by the bank to drain liquidity from the domestic money market.
Net reserves rose $273m to $43.353bn.
Foreign exchange reserves were up $325m, while gold reserves rose $142m.
Total forex reserves were reported at $35.427bn, while gold reserves were at $5.654bn.
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 $2.754bn from $2.738bn the month before.
The forward position was $4.183bn from $3.779bn in November, while foreign deposits received were at -$4.664bn from -$4.050bn previously.
The Sarb said the change in gross reserves reflects the normal foreign exchange operations of the bank, foreign currency received from the government and valuation adjustments.
The international liquidity position increased by $273m because the increase in foreign deposits was partially offset by an increase of $404m in the overbought forward position. The latter increase reflects foreign exchange swap transactions conducted by the bank to drain liquidity from the domestic money market.
