The South African Reserve Bank, which celebrated its 100^th anniversary on June 30, was born of crisis, and weathered many more in the 10 decades that followed. The story of the Sarb’s first 100 years is one of tumult: political, social and economic. South Africa went through several changes of monetary regime, economic crashes and political upheavals before arriving at its modern incarnation. Through it all, the Sarb – Africa’s oldest central bank – endured as a source of resilience for the