Reserve Bank Of South Africa Warns Against Early Abolition Of Finrand


In a clear signal to the interbank market to dampen down speculative activity, the Reserve Bank of South Africa is warning that abolition of the country's investment currency - the financial rand - is "at least a year away."

In a telephone interview with FX Week a senior Reserve Bank official denied that any major policy change had occurred following the resignation announcement on July 5 by South African Finance Minister Derek Keys and his replacement from October by Chris Liebenberg, form

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: