However, the yen later reversed its course and depreciated, with some fluctuations, and has recently moved at around ¥ Meanwhile, the yen had also been appreciating against the Deutsche Mark since May, but recently depreciated somewhat to ¥ - 69. BIS Review 86/1997
The Reserve Bank’s Bank Supervision Department works very closely with their counterparts in many other countries to ensure that uniform, compatible and effective prudential directives are complied with by all banks operating in South Africa, and also by the foreign branches and subsidiaries of South African resident banking institutions.