S.A. Central Bank sells bonds to increase gold and foreign currency reserves

[Libertarian_Guard]

http://www.sundaytimes.co.za/2003/05...ews/news01.asp

Our word is our BOND


Treasury hails success of 10-year paper in Europe as a vote of confidence in SA fiscal policy, writes Lukanyo Mnyanda

(snipet)

Ramos said the Reserve Bank would use the proceeds to boost the country's gold and foreign exchange reserves and would leave the net open forward position at close to zero. The open forward position, which measures the Bank's uncovered liabilities in the forward currency market, currently stands at $1.2-billion.