Sarb closes branches to optimise cash management

Elske Photography

The South African Reserve Bank will close three of its regional branches following a decision made by the governor’s executive council, as the central bank continues to overhaul its cash management practices.

“A review of the Sarb’s banknotes and coins distribution processes found a number of inefficiencies. The closure of some branches and the conversion of others into cash centres is aimed at addressing these inefficiencies,” a spokesperson told Central Banking.

In a statement released on De

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: