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The South African Reserve Bank (SARB) is the central bank of South Africa, responsible for formulating and implementing monetary policy to achieve price stability and support economic growth. It regulates the banking sector, manages the country's foreign exchange reserves, and ensures financial system stability. Additionally, the SARB issues currency and acts as the lender of last resort to banks in distress. Its overarching goal is to maintain confidence in the national currency and promote a stable financial environment.

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1w ago

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