South African Reserve Bank (SARB) governor Lesetja Kganyago highlighted issues surrounding the introduction of central bank digital currencies (CBDCs) at the World Economic Forum (WEF) 2023, held in D...
Tag: SARB
SARB governor: CBDCs must tackle a “serious challenge” at WEF 2023.
At the World Economic Forum (WEF) 2023, which was hosted in Davos, Switzerland, South African Reserve Bank (SARB) governor Lesetja Kganyago addressed some of the difficulties that surround the adoptio...
USD/ZAR exchange rate forecast ahead of SARB decision
The USD/ZAR exchange rate dropped to the lowest level since September 1 as the US dollar recoiled. It dropped to a low of 17 even after worrying South African consumer inflation data. Rand has jumped ...
SARB permits local banks to serve crypto clients –
The South African Reserve Bank has granted permission to the local banks. The financial institutions can deliver clients to cryptocurrency transactions. The central bank of South Africa has ordered fi...
SARB directs financial institutions to serve crypto clients
South Africa’s apex bank has mandated all financial institutions in the country to extend their banking services to crypto users. The central bank issues the directive in a guide released on its offic...
SARB Issues Crypto Guidelines for Local Banks
The South African Reserve Bank (SARB) has issued guidelines for local banks to do business with cryptocurrencies and cryptocurrency companies. The country’s central bank has directed financial institu...
The SARB intends to regulate crypto
The South African Reserve Bank (SARB) plans to start regulating crypto in 2023. The purpose of SARB is to accept cryptocurrencies as financial assets, not currency. According to the proposed new legis...
USD/ZAR prediction ahead of the SARB interest rate decision
The USD/ZAR price is loitering near its highest level since 2020 ahead of the upcoming rate decision by the South Africa Reserve Bank (SARB). It has risen in the past four straight weeks and is tradin...
SARB to Introduce Crypto Regulation
The South African Reserve Bank (SARB) announced on Wednesday plans to introduce a regulatory framework for cryptocurrencies, Kuben Naidoo, the Deputy Governor of the Central Bank, revealed. After year...
South African rand at risk ahead of SARB decision
The South African rand is hovering near its lowest level since December ahead of the upcoming interest rate decision by SARB. The USD/ZAR pair is trading at 16.027, which is about 11% above the lowest...
USD/ZAR: South African rand steady ahead of SARB decision
The South African rand has continued to strengthen in the past few months. The USD/ZAR crashed to the lowest level since October as commodity prices rose. It is trading at 14.76, which is about 9.87% ...
Rand forecast ahead of SARB decision
The USD/ZAR price was under pressure on Thursday as investors reflected on the hawkish Federal Reserve decision. The pair also retreated as the market waited for the upcoming interest rate decision by...