The rand has taken a severe tumble over the past 24 hours, reaching an all-time low at one stage of R19,51/US$1. The currency’s free fall, which has accelerated the downward trend of South Africa’s exchange rate, comes as public speculation mounts over the country’s alleged supplying of weapons to Russia for its war against Ukraine.
Home Rand plummets, but analysts expect recovery within weeks The rand has taken a severe tumble over the past 24 hours, reaching an all-time low at one stage of R19,51/US$1. The currency’s free fall, which has accelerated the downward trend of South Africa’s exchange rate, comes as public speculation mounts over the country’s alleged supplying of weapons to Russia for its war against Ukraine.
The rand has taken a severe tumble over the past 24 hours, reaching an all-time low at one stage of R19,51/US$1. The currency’s free fall, which has accelerated the downward trend of South Africa’s exchange rate, comes as public speculation mounts over the country’s alleged supplying of weapons to Russia for its war against Ukraine.
