However, in the second quarter of 2004 the proceeds from the Republic of South Africa’s global bond issue of $ billion supported investment flows into South Africa. In the first half of 2004, the Reserve Bank continued its accumulation of foreign exchange reserves and the strengthening of its international liquidity position.
Gordon Thiesssen: The outlook for the Canadian economy and the conduct of monetary policy  Remarks by Mr Gordon Thiessen, Governor of the Bank of Canada, to the Calgary Chamber of Commerce, Calgary, on 14 September 2000.