In pursuit of its mandate and purpose, the Bank performs the following functions: •  Formulating and implementing monetary policy;  •  Promoting financial stability;  •  Issuing banknotes and coin;  •  Regulating and supervising the banking system;  •  Ensuring the effective functioning of the national payment system (NPS);  •  Managing the official gold and foreign-exchange reserves of the country;  •  Acting as banker to the government;  •  Administering the country’s remaining exchange controls; and  •  Acting as lender of last resort in exceptional circumstances.
In addition to these core functions, the Bank also has a number of initiatives aimed at training young professionals, in a variety of fields. In this regard, the Bank actively supports the training of chartered accountants and is a sponsor of the SAICA Thuthuka School camps.