Johannesburg Interbank Agreed Rate (JIBAR)
The money market rate that is used by South Africa. The rate comes in one-month, three-month, six-month and 12-month discount terms. Investopedia Says:
The rate is determined as an average of the rates indicated by local and international banks. JIBAR is calculated as a yield and then converted into a discount. The rate is calculated daily after all of the rates are received by participating banks. Related Terms:
Emirates Interbank Offered Rate - EIBOR
Interbank Rate
Interest Rate
London Interbank Offered Rate - LIBOR
Money Market
Money Market Account
Money Market Fund |