Functions of The South African Reserve Bank
- Formulating and implementing monetary policy;
- Issuing banknotes and coin;
- Supervising the banking system;
- Ensuring the effective functioning of the national payment system (NPS);
- Managing official gold and foreign-exchange reserves;
- Acting as banker to the government;
- Administering the country's remaining exchange controls; and
- Acting as lender of last resort in exceptional circumstances.
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