South African Reserve Bank - Annual Report 2005

According to the South African Reserve Bank's Annual Report 2005, the 2004/05 financial year saw the balance sheet of the Bank increase by a significant margin, mainly as a result of the accumulation of foreign reserves.

In April 2004 the National Treasury paid the third tranche of R7 billion in the form of zero coupon bonds as compensation for losses accumulated previously on the Gold and Foreign Exchange Contingency Reserve Account (GFECRA). In February 2005 a further R2,5 billion payment was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.