Monday, May 9, 2011

Fiscal and Monetary Policy

South Africa's monetary policy is condensed into the South African Reserve Bank (SARB).  This institution acts as the country's central bank and, according to South Africa's Constitution, is supposed to "protect the value of the currency".  The SARB attempts to combat inflation and grow the country's economy in the market system through competition and fairness.  The South African Reserve Bank determines the budget, which can come to affect production, income, and employment.

An overview of monetary policy
Fiscal policy

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