South African Reserve Bank

The South African Reserve Bank (SARB) is South Africa's central bank. It sets monetary policy, issues the rand, and promotes financial stability.

The SARB oversees payment systems and sets the policy interest rate. Official site: South African Reserve Bank.

Related Terms

A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...

South African Rand

ZAR is the official currency of South Africa and is also legal tender in neighboring countries Namib...

Interest is the cost of borrowing money or the return earned on deposited funds, typically expressed...

Real-Time Gross Settlement

RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...

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