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
Central Bank
A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...
ZAR
South African Rand
ZAR is the official currency of South Africa and is also legal tender in neighboring countries Namib...
Interest
Interest is the cost of borrowing money or the return earned on deposited funds, typically expressed...
RTGS
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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