Firm rand rattles Mboweni

Preece, Howard
May 2007
Finweek;5/17/2007, p50
The author reflects on the exchange rate of South Africa's currency, rand. It states that SA Reserve Bank Governor Tito Mboweni is lamenting a key economic development that relates to the renewed firmness of the foreign exchange (forex) value of the rand. He states that there is one sensible policy that Mboweni should pursue more aggressively which is the sale of rand on the forex market to accumulate greater reserves and hopefully exert downward pressure on exchange rate.


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