The Reserve Bank has sidestepped queries about whether President Cyril Ramaphosa may have contravened foreign exchange regulations by allegedly concealing a large stash of US dollars in furniture at his Limpopo farm.

The money — said to be in the region of $4m (R61.73m) — was stolen in the burglary revealed by former spy boss Arthur Fraser, who last week dropped a political bombshell when he laid charges of money laundering, kidnapping and corruption against Ramaphosa, all linked to the alleged theft...