The South African Reserve Bank (SARB) plays an integral role in the economic framework of South Africa. Its foundations, mandate, unique shareholder structure, and policy decisions significantly influence the trajectory of the South African Rand (ZAR).

THE BIRTH OF THE SOUTH AFRICAN RESERVE BANK (SARB)

Established on June 30, 1921, the SARB is the oldest central bank in Africa. The idea for its creation was born out of the need for an independent monetary authority that could stabilize the nation’s currency, which was experiencing fluctuations due to the economic aftermath of World War I.