Africa
South Africa cuts dollar buying in July
Data released by the South African Reserve Bank (SARB) on Friday 5 August showed that it had lowered its dollar purchases in July.
SARB's Mboweni at G20 seminar on economic growth
In a speech given on 3 August Tito Mboweni of the South African Reserve Bank said the Reserve Bank has been making an important contribution to macroeconomic stability, creating a stable framework for growth.
G20 seminar on economic growth begins
The central banks of South Africa, Mexico and China are co-hosting a seminar in Pretoria to find ways of sustaining economic growth, particularly for the developing world.
SARB appoints new deputy governor
The President of South Africa, Thabo Mbeki, has appointed Dr Renosi Mokate as deputy governor of the South African Reserve Bank for a period of five years, effective from 1 August 2005.
SARB's Plenderleith on the Annual Report
In a speech given on 25 July Ian Plenderleith of the SARB said it remains a focus for the Bank to ensure public confidence in the South African currency. Hence a new bi-metal R5 coin was introduced in August 2004 in response to the counterfeiting threat…
SARB's Mboweni on the South African economy
In a speech given on 18 July, Tito Mboweni of the South African Reserve Bank said the path of the rand, although volatile during some periods, has remained relatively stable over the past couple of months.
SARB's Mboweni on a land of hope and opportunity
In the speech 'South Africa: A land of hope and opportunity' given on 22 June, Tito Mboweni of the South African Reserve Bank said central bank governors have to demonstrate at all times their commitment to the independence of central banks from…
SARB's Guma on the outlook for monetary policy
In the speech 'The outlook for monetary policy' given on 22 June, Dr XP Guma of the South African Reserve Bank said as the formulator and transmitter of monetary policy the central bank needs to communicate its basic objectives, its strategy for…
SARB announces successful loan syndication
Tito Mboweni, governor of the South African Reserve Bank, issued a statement on Monday 18 July following the announcement of the successful syndication of the SARB's US$1,5 billion Dual-Tranche Syndicated Term Loan Facility.
Mboweni says SADC can learn from EU
South African Reserve Bank governor Tito Mboweni has said much can be learned from the European Union as the South African Development Community (SADC) attempts to create a single monetary union for the region by 2016.
SARB Bank Supervision Annual Report 2004
The South African Reserve Bank published its Bank Supervision Department Annual Report 2004 on 28 June. During 2004, the South African banking system remained stable and, in general, banks were sound, the report said.
Bank Indonesia to host central bank meeting
Bank Indonesia will host the 10th Executive Meeting of East Asia Pacific Central Bank (EMEAP) to be held Bali from June 18 to 19.
SA fin min says IMF gold sales not an option
South African Finance Minister Trevor Manuel said on Monday 13 June that the sale of gold held by the International Monetary Fund was not an option in funding debt relief for poor developing countries any more.
SARB says inflation to stay in target
The South African Reserve Bank said Thursday 2 June that inflation will remain inside the 3-6 percent target band and the economy had entered a phase of high growth.
SARB has no reserve target - Plenderleith
The South African Reserve Bank plans to keep gradually building its foreign exchange reserves, Deputy Governor Ian Plenderleith said in an interview.
FSF concludes first African regional meeting
The Financial Stability Forum (FSF) concluded its first African regional meeting in Pretoria, South Africa on Monday 30 May.
SARB deputy says economy can sustain brisk growth
South African Reserve Bank deputy governor Ian Plenderleith said on Wednesday 12 May that South Africa can sustain economic growth of at least 4 per cent over the next few years and investor confidence in the country has improved.
SARB holds 70% dollar-denominated reserves
South Africa's central bank holds 70 per cent of its foreign exchange reserves in dollars, the bank's financial markets head Daniel Mminele was quoted as saying on Wednesday.
S. Africa could have single currency by 2016
A plan to better integrate markets of southern African countries may lead to a single currency managed by a single central bank by 2016.
Southern Africa targets 2016 for monetary union
Countries within the 13-member Southern African Development Community (SADC) have decided to achieve monetary and economic union by 2016, South African Reserve Bank governor Tito Mboweni said on Monday 28 February.
BIS's Sleeper: How cbs manage their finances
In a speech 'How central banks manage their finances' given on 18 February, Robert Sleeper of the BIS said the fact that central banks are increasingly taking risks in an attempt to improve the return on their reserves raises the question of whether or…
SARB to present upgraded banknotes to parliament
The South African Reserve Bank said on Friday 4 February that the upgraded banknotes, which went into circulation at the beginning of February, will be presented to members of Parliament in Cape Town on 7 February, ahead of the opening of Parliament.
South Africa urged to avoid rand intervention
A senior World Bank economist on Monday 31 January praised the South African Reserve Bank's strategy of cautiously accumulating foreign reserves and said a deliberate weakening of the rand could have negative consequences for the economy.
South Africa's upgraded banknotes issued Tuesday
The South African Reserve Bank (SARB) will issue the first upgraded banknotes on 1 February. The upgraded banknotes have several improved security features, which will make it easier for the public to distinguish between good banknotes and counterfeit…