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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.
The Johannesburg Interbank Average Rate [1] (JIBAR) is the money market rate, used in South Africa. It is calculated as the average interest rate at which banks buy and sell money. Since 2022, SARB has also published ZARONIA as the reference rand-denominated overnight rate. [2]
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The 1 ⁄ 2 cent coin was last struck for circulation in 1973. The 1 rand coin for circulation was introduced in 1967, followed by 2 rand coins in 1989 and 5 rand coins in 1994. Production of the 1 and 2-cent coins was discontinued in 2002, followed by 5-cent coins in 2012, primarily due to inflation having devalued them, but they remain legal ...
Top advisers to U.S. President Joe Biden and President-elect Donald Trump put aside their differences - mostly - for a symbolic "passing of the torch" event focused on national security issues on ...
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]
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TikTok shut down for roughly 14 hours in January but attributed its quick return to promises made by Trump to keep the app working. But its 175 million users still ran into at least one problem ...