The South African Reserve Bank has introduced a specialised Training Institute for Central Banking, and is now providing specialised courses in central banking and financial management for its own staff and officials of other central banks in the SADC region.
Three conditions serve to promote a healthy competition: BIS Review 8/2000  2  –  First, a lot of common ground is necessary regarding the anti-inflationary stance of the countries’ monetary policy;  –  Second, further sustainable progress in consolidating public sector budgets is needed - especially in Europe;  –  Third, the currency areas have to rise to the economic challenges.