The primary mandate of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth. In addition to this, the SARB has a statutory mandate to enhance and protect financial stability in South Africa. The SARB is also responsible for: issuing and destroying banknotes and coin; regulating and supervising financial institutions; managing the official gold and foreign reserves of the country; managing the national payments system; administering the country’s remaining exchange rate control systems; act... read more
