Central Banks

Reserve Bank of South Africa

Reserve Bank of South Africa, Central Bank of South Africa

The Reserve Bank of South Africa is the Central Bank of South Africa. Due to the abnormal monetary and financial conditions caused by the First World War, the South African Parliament passed the "Money and Banking Act of August 10, 1920", according to which the South African Central Bank was established in 1921. At the time, the South African Central Bank was the fourth central bank to be established outside the UK and continental Europe.
The Republic of South Africa is located in the southern hemisphere, at the southernmost tip of the African continent, and the currency used is the South African rand.

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