The SARB has upgraded the country’s banknotes and renewed the coin series in line with international best practice.


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Click to read the Statement of the Monetary Policy Committee May 2024

The SARB’s centenary year was celebrated by publishing a coffee table book, which is an informative exposition of the SARB’s journey and role in South African life over the past century. To access the electronic copy, click here.


Coin deposits at commercial branch tellers



Explore, play and learn about the South African banknotes and coin with the new SARB Currency App.
Download it on the App Store or Google Play.



Learn about the security features of our banknotes and coin, about what we do and play the game to enhance your knowledge and skills.



The SARB has moved to temporary offices as we renovate our head office. Find out more about our Head Office Renovations project



Primary mandate of the SARB

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

  • The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.
  • The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.


Monetary Policy

The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

Financial Stability

The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

Prudential Regulation

The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

Financial Markets

Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.

Financial Surveillance

The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

Payments and Settlements

The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.


The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.


Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.

Banknotes and Coin

The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.

For more information, click here More
Take a closer look at our banknotes and coin with new designs and upgraded security features.