Fortunately, most of these deposits are now guaranteed by the National Treasury, although the corporate and municipal deposits are not. On 9 July, the SARB announced a mechanism to repay retail depositors up to R100 000 of their deposits in the troubled bank.
Thus, to keep the reserve balances within the target range, banks lend and borrow among themselves in the sterling interbank market. The aim of the BoE is to ensure that the  2  Following quantitative easing by way of large-scale asset purchases through creation of central bank reserves, BOE has suspended the reserves averaging scheme since March 2009.