The South African Reserve Bank is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920," as a direct result of the abnormal monetary and financial conditions which World War I had brought. The SARB was only the fourth central bank established outside the United Kingdom and Europe, the others being the USA, Japan and Java.
Unlike the Bank of England, which provided the model for establishing the SARB, the SARB is privately owned.
Read more about South African Reserve Bank: Functions of The South African Reserve Bank, List of Governors of The South African Reserve Bank
Other articles related to "african, south":
... A guerilla war subsequently ensued when Joshua Nkomo's Zimbabwe African People's Union (ZAPU) and Robert Mugabe's Zimbabwe African National Union (ZANU), supported actively by neighbouring African ... republic in 1970 was recognised only by South Africa, then governed under apartheid ... In March 1978, Smith reached an accord with three African leaders, led by Bishop Abel Muzorewa, who offered to leave the white population comfortably entrenched in exchange for the ...
... positively associated with variations of skin color in African-Americans of mixed West African and European descent and is estimated to account for 15–20% of the melanin difference between ... occurs in over 80% of European and Asian samples, compared with less than 10% in African samples ...
... The Republican Party by then was chiefly supported by African Americans ... that restricted suffrage and effectively disfranchised African Americans ... The damage to the African-American community was severe and pervasive, as nearly all its eligible citizens lost the ability to vote ...
... Main article African traditional religions West Africa Akan mythology Ashanti mythology (Ghana) Dahomey (Fon) mythology Efik mythology (Nigeria, Cameroon) Igbo mythology (Niger ...
... by a focus on Africa as a Regional power and by attachment to several fundamental principles African unity and independence Capability to exercise hegemonic influence in the region peaceful ... Nigeria participates in the Organization of African Unity (OAU) now known as the African Union, the Economic Community of West African States (ECOWAS), the Non-Aligned Movement, the ...
Famous quotes containing the words south african, bank, reserve, south and/or african:
“I dont have any doubts that there will be a place for progressive white people in this country in the future. I think the paranoia common among white people is very unfounded. I have always organized my life so that I could focus on political work. Thats all I want to do, and thats all that makes me happy.”
—Hettie V., South African white anti-apartheid activist and feminist. As quoted in Lives of Courage, ch. 21, by Diana E. H. Russell (1989)
“on a May morwening upon Malverne hilles
Me befel a ferly, of fairye me thoughte;
I was wery ofwandred and wente me to reste
Under a brod bank by a bournes side;
And as I lay and lenede and lookede on the watres,
I slomerede into a sleeping, it swyede so merye.”
—William Langland (13301400)
“I understood that all the material of a literary work was in my past life, I understood that I had acquired it in the midst of frivolous amusements, in idleness, in tenderness and in pain, stored up by me without my divining its destination or even its survival, as the seed has in reserve all the ingredients which will nourish the plant.”
—Marcel Proust (18711922)
“The cloud was so dark that it needed all the bright lights that could be turned upon it. But for four years there was a contagion of nobility in the land, and the best blood North and South poured itself out a libation to propitiate the deities of Truth and Justice. The great sin of slavery was washed out, but at what a cost!”
—M. E. W. Sherwood (18261903)
“The treatment of African and African American culture in our education was no different from their treatment in Tarzan movies.”
—Ishmael Reed (b. 1938)