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Category South African rand

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BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies
BricsBankFinanceCurrency

BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies

The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds denominated in South African rand (...
Aug, 18, 2023
2 min read
by Bitcoin News
South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia
FeaturedJP MorganGross Domestic ProductAfrican Growth And Opportunity Act (AGOA)

South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia

The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The rand’s latest fall ...
May, 14, 2023
3 min read
by Bitcoin News