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3232South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia
https://www.digit.info/south-african-currency-plunges-to-new-low-versus-the-dollar-a-day-after-the-us-accused-country-of-secretly-supplying-ammunition-to-russia/
Sun, 14 May 2023 04:00:47 +0000https://www.digit.info/2023/05/14/south-african-currency-plunges-to-new-low-versus-the-dollar-a-day-after-the-us-accused-country-of-secretly-supplying-ammunition-to-russia/Read more]]>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 came a day after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. Banking giant JP Morgan said it now projects South Africa’s gross […]
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 came a day after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. Banking giant JP Morgan said it now projects South Africa’s gross […]