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3232South African Rand Plunges to New 2023 Low Versus the US Dollar
https://www.digit.info/south-african-rand-plunges-to-new-2023-low-versus-the-us-dollar/
Sun, 12 Mar 2023 11:19:57 +0000https://www.digit.info/2023/03/12/south-african-rand-plunges-to-new-2023-low-versus-the-us-dollar/Read more]]>Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africa’s power shortages as well as the country’s recent grey-listing by the Financial Action Task Force (FATF) are […]
]]>South Africa Added to FATF ‘Grey List’ Despite Designation of Crypto as a Financial Product
https://www.digit.info/south-africa-added-to-fatf-grey-list-despite-designation-of-crypto-as-a-financial-product/
Sun, 26 Feb 2023 11:00:02 +0000https://www.digit.info/2023/02/26/south-africa-added-to-fatf-grey-list-despite-designation-of-crypto-as-a-financial-product/Read more]]>In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa to obtain loans from foreign banks. A Setback […]
Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africa’s power shortages as well as the country’s recent grey-listing by the Financial Action Task Force (FATF) are […]
In a move seen as a major setback for South Africa, the international financial watchdog, the Financial Action Task Force, announced on Feb. 24 that it had added the country to its “grey list.” Getting grey-listed by the financial watchdog potentially makes it difficult for South Africa to obtain loans from foreign banks. A Setback […]