SARB launches museum, opens Head Office to public

Governor Kganyago emphasized that the new SARB Museum is more than just a collection of artifacts; it is a crucial step in opening the institution to the people of South Africa as it approaches its 105th anniversary.

Recognizing that central banks can appear distant and mysterious, the museum aims to explain the SARB's work, its mandate, and its relevance to the public.

This initiative seeks to foster greater understanding and strengthen public trust, which is vital for strong institutions.

Kganyago explicitly addressed and dispelled common myths, such as prisoners counting money, currency being printed overseas, or gold bars hidden in the building.

The museum will also communicate the importance of low inflation, financial stability, and improved payment systems, while serving as a custodian of memory, preserving the SARB's history, and connecting past experiences to its present purpose.

The museum's exhibitions trace Southern Africa's economic history from ancient barter systems through colonialism and apartheid into democracy, reminding visitors of the past and the responsibility to build an inclusive system.

It features archaeological items dating back 75,000 years, a numismatic collection spanning over 300 years, and the country's first 134-year-old minting press.

The SARB's extensive corporate art collection, with over 1,200 pieces, will have rotating exhibitions like 'ZA@WORK' and 'Her Currency,' highlighting leading South African artists.

Educational programs, including school visits and the 'Set the Rate' game, aim to inspire future central bankers.