South African Reserve Bank: the first 100 years

Photo: Elske Photography

The South African Reserve Bank, which celebrated its 100th anniversary on June 30, was born of crisis, and weathered many more in the 10 decades that followed. The story of the Sarb’s first 100 years is one of tumult: political, social and economic. South Africa went through several changes of monetary regime, economic crashes and political upheavals before arriving at its modern incarnation. Through it all, the Sarb – Africa’s oldest central bank – endured as a source of resilience for the

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