Although South Africa is not a member of the G7, representatives of our country have participated in meetings of the Forum’s working groups. 4. Globalisation and monetary policy  Globalisation and increased competitiveness have also created additional challenges for monetary policy. The internationalisation of investment decisions has made South Africa more prone to volatile capital movements.
In July, the Bank launched the commemorative $ note and a coloured $ coin to celebrate the country’s 40th anniversary of independence. In August, a new $ polymer note was endorsed. This new note was launched for circulation recently on 2nd May 2019 during the World Tuna Day.