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South African Reserve Bank

Central bank

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South African Reserve Bank: Central bank
The South African Reserve Bank (SARB) 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 United States, Japan and Java. The earliest suggestions for the establishment of the Central Bank in South Africa date back to 1879. A select committee, consisting of ten members of Parliament was established on 31 March 1920 to examine the benefits to the national interest of the establishing of the central bank.


'No one died': Behind the typo on the new $50 note

At news they may be responsible for the most printed typo in human history, some at the Reserve Bank were "relatively relaxed". Others were in "a bad way".:
The Age - Published

House prices may pick up in 2020: HSBC

More economists have revised their forecasts for Australia's housing market, with the Reserve Bank expected to begin cutting rates next week.
SBS - Published

Frydenberg plays down RBA growth outlook

Treasurer Josh Frydenberg has played down the differences between the Reserve Bank's and his budgets forecasts.
SBS - Published

Reserve Bank GDP view same as budget:PM

Prime Minister Scott Morrison says the Reserve Bank's latest growth forecasts are now in line with last month's federal budget.
SBS - Published

RBA growth forecast same as budget: PM

Prime Minister Scott Morrison has claimed the Reserve Bank's latest growth forecasts are now the same as in last month's federal budget.
SBS - Published

Treasurer backs economy despite RBA doubts

Treasurer Josh Frydenberg insists the fundamentals of Australians economy are sound despite downgraded economic forecasts from the Reserve Bank.
SBS - Published

Oops: Typo for the ages printed on 46 million new $50 notes

The numbers folk at the Reserve Bank missed one important step in the tech-heavy development of 46 million next-generation bank notes – spellcheck. 
The Age - Published

Surplus vital in stalling economy: Bowen

Labor's treasury spokesman Chris Bowen says it's more important than ever to deliver big budget surpluses, as the Reserve Bank eyes a possible rate cut.
SBS - Published

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