Loading…
South African Reserve Bank Deputy Governor Rashad Cassim discussed the transition from the Johannesburg Interbank Average Rate (Jibar) to the South African Rand Overnight Index Average (ZARONIA). He said ZARONIA is based on high volumes of overnight wholesale deposit transactions and described the challenges of replacing a benchmark used in financial contracts.
The remarks concern South African financial benchmark reform and do not identify a direct feed-commodity supply or demand mechanism.
bis.orgRashad CassimNov 9, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
