We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Central banks have an essential duty to create extra money. They do so on a consistent basis in normal times. Their extra money comes in two forms: as notes and coins, and in the deposits private banks keep with their central banks.

The sum of the notes and the deposits issued by the SA Reserve Bank (the money base) grew by 7.9 times between 2000 and April 2020, from R35bn to R275bn — erring until recently (after 2014) on the side of issuing too much...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now