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You are here: Home / Archives for South African Reserve Bank

South African Reserve Bank

SA to diversify reserves

6 November 2013 11:03 am

Pretoria - South Africa's Reserve Bank is set to invest in currencies such as the Korean Won, Australian Dollar and the New Zealand Dollar. "The bank has also taken steps to invest in new currencies. [It] will be diversifying into currencies such as the Korean Won, Australian Dollar and New Zealand Dollar," said SARB Deputy Governor Daniel Mminele. In his address at the Standard Bank 5th African Central Bank Reserves Management conference on Tuesday, the deputy governor said that for the …

Filed Under: Business Tagged With: South African Reserve Bank 6 November 2013 at 11:03 am

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