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Constitution of the Republic of South Africa, 1996 (Act No. 108 of 1996)

Chapter 13 – Finance

Central Bank

224. Primary object

 

 

1) 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.

 

2) The South African Reserve Bank, in pursuit of its primary object, must perform its functions independently and without fear, favour or prejudice, but there must be regular consultation between the Bank and the Cabinet member responsible for national financial matters.