South African Reserve Bank

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South African Central Bank
South African Reserve Bank
South African Reserve Bank
Headquarters Pretoria , South Africa
founding 1921
president Lesetya Kganyago
country South Africa
currency

South African Rand (R)

ISO 4217 ZAR
Currency reserves US $ 54.9 billion (November 2019)
Base loan rate Repo: 6.50% (August 2019)
Prime: 10.00% (August 2019)
Website

www.resbank.co.za

List of central banks

South African Reserve Bank (SARB) is the South African central bank . The bank was established in 1921 by the Currency and Banking Act (Act No. 31/1920) by the Parliament of the Union of South Africa . It also has an indirect influence on other currencies in the Common Monetary Area .

Governors

  • William Henry Clegg: December 1920 - December 1921
  • Johannes Postmus: January 1931 - June 1945
  • Michiel Hendrik de Kock: July 1945 - June 1962
  • Gerhard Rissik: July 1962 - June 1967
  • Theunis Willem de Jongh: July 1967 - December 1980
  • Gerhardus Petrus Christiaan de Kock: January 1981 - August 1989
  • Christian Lodewyk Stals: August 1989 - August 1999
  • Tito Mboweni : August 1999 - November 2009
  • Gill Marcus: November 2009 - November 2014
  • Lesetja Kganyago: since November 2014

Web links

Individual evidence

  1. ^ South Africa Foreign Exchange Reserves . tradingeconmoics.com. Accessed December 12, 2019 (English)