EFTA01379420Set 10
2017-12-221p495w
rand has been 14.0
12 0
freely floating. The South African Reserve Bank (SARB) 12,0 t---
200
has, in the past, intervened in the market ... these mostly refer to 7.6
135
the lending of rand. 1.4
130
7.2
The SARB regards its primary goal in the economic 1.0
1 3 125
system as "the achievement ... liquidity requirement. In addition, the Bank's
refinancing operation only accepts Government and 100
SARB denominated debt as eligible collateral.
00 A
The rand is a fully deliverable and convertible
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01379420.pdf
EFTA01459601Set 10
2016-01-121p679w
inaction at
the late-December meeting, where a hike in the base
For example, SARB's pre-emptive rate hike in rate and narrowing of the corridor was expected ... growth bias could imply a reluctance to maintain
rand. On the other hand, SARB can allow the currency rate differentials with the US, which clearly represents
to continue
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459601.pdf