Cooperation between the Deutsche Bundesbank (Bundesbank) and the South African Reserve Bank (SARB) reached a major milestone today when the Bundesbank announced its representative to be based in Pretoria, its first on the African continent.
The appointment of a Bundesbank representative comes after the two central banks signed a cooperation agreement in February this year aimed at enhancing collaboration between the two central banks. This will be done through joint research and project cooperation on central banking issues.
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