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
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