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3 Cards in this Set
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- Back
- 3rd side (hint)
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Custodian of gold and other foreign exchange |
The SARB act as a custodian of the countries official gold and other foreign exchange
It also markets the gold output of a country on international markets |
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Sets the monetary and exchange rate policies |
SARB is responsible for forming and implementing the monetary policy of the state
The SARB is responsible for the stability of the exchange rate |
Forming and implementing
Stability |
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Controls inflation |
When inflation rises the bank increase repo rate When inflation drops it decreases repo rate |
Increase Decrease |
