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View Full Version : Mminele Says Pegging Rand, 'Aggressive Intervention' is Costly - Bloomberg



NewsWhore
06-04-2010, 05:40 AM
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Mminele Says Pegging Rand, &#39;Aggressive Intervention&#39; is Costly (http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.bloomberg.com%2Fapps%2Fnews%3Fpid%3D20601116%26sid%3DaD0jhu.JXpLA&usg=AFQjCNH3Wf7ZdDCuQRNtEiXqpxWLw5o-nA)
Bloomberg
South Africa&#39;s gross reserves of $42 billion â??are relatively lowâ?? to maintain a pegged currency, Mminele said in a speech in Pretoria yesterday, ...

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