The agreement on the Gold and Foreign Contingency Reserve Account allows for annual transfers if further profits build up on the account 26 June 2025 - 10:00 by Hilary Joffe The soaring gold price has added nearly $7bn to the value of SA’s gold and foreign exchange reserves over the past five years, with the gold component more than doubling in value since 2015 to make up $13.3bn of SA’s total $68.1bn in foreign reserves, says the Reserve Bank. This is despite the fact that the volume of gold hasn’t changed materially...
https://lh3.googleusercontent.com/agJ4c2oUP0Zv0Stsay4S3uoU-n5MCSdjjl-Hxah0jaUuaaOM4nJLYdlUNbbFFQFl1qvMQl9uefsxquNqEO-MQf_HSkE-A-2AoV6UuED1Lvi58g
The agreement on the Gold and Foreign Contingency Reserve Account allows for annual transfers if further profits build up on the account
26 June 2025 – 10:00
by
The soaring gold price has added nearly $7bn to the value of SA’s gold and foreign exchange reserves over the past five years, with the gold component more than doubling in value since 2015 to make up $13.3bn of SA’s total $68.1bn in foreign reserves, says the Reserve Bank.
This is despite the fact that the volume of gold hasn’t changed materially…
About Author
This post was originally published on this site
