Gold and foreign exchange reserves The activities of the Bank in the domestic foreign exchange market are aimed at managing domestic money-market liquidity conditions through foreign exchange swaps, servicing the foreign exchange requirements of clients and increasing foreign exchange reserves in a prudent manner when conditions permit.
The Bank does not aim to influence the exchange rate of the rand, but leaves its determination to the forces of demand and supply in the foreign exchange market. The Bank continued to take advantage of favourable market conditions to increase the level of official gold and foreign exchange reserves.