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The South African Reserve Bank (SARB) is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920", as a direct result of the abnormal monetary and financial conditions which World War I had brought.
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. [1] In contrast to a commercial bank , a central bank possesses a monopoly on increasing the monetary base .
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [1] [2]
Lesetja Kganyago (born 7 October 1965) is a South African economist and central banker. He is the Governor of the South African Reserve Bank (SARB). [1] He was appointed to that post on 6 October 2014, by Jacob Zuma, the former President of the Republic of South Africa (RSA). [2]
The South African Reserve Bank shredded 3.6 million 100-rand banknotes printed by Crane Currency because they had the same serial numbers as a batch printed by the South African Bank Note Company. In addition, the notes printed in Sweden were not the correct colour and were 1mm short. [39]
The Federal Reserve Bank of New York also estimates that there's around a 29% probability of a recession occurring by December 2025. 1 Move to Avoid at All Costs if the Stock Market Crashes in 2025
Sarab-e Harasam, a village in Eslamabad-e Gharb County; Sarab-e Kulasah, a village in Eslamabad-e Gharb County; Sarab-e Mileh Sar, a village in Eslamabad-e Gharb County; Sarab-e Shahini, a village in Eslamabad-e Gharb County
In mathematical finance, the SABR model is a stochastic volatility model, which attempts to capture the volatility smile in derivatives markets. The name stands for "stochastic alpha, beta, rho", referring to the parameters of the model.