South African Reserve Bank (SARB)
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;
- Acting as the banker to the government; and
- Acting as lender of last resort to provide liquidity assistance in exceptional cases.
