Currency Note Worldwide

South African rand falls for second day in a row

By Ricky Bean May 17th, 2016

The South African Rand fell for the second day in a row yesterday following police reports about the imminent arrest of Finance Minister Pravin Gordhan over alleged irregularities in the nation’s revenue service. Investors are becoming tired of the uncertainty surrounding the South African Nation and over the last two days we have seen a 2% depreciation against sterling, meaning that it is now the best time to purchase rand in the last two months.

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