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View Full Version : South Africa Spent $7.3 Billion in Past Year to Stabilize Rand, Nene Says - Bloomberg



NewsWhore
03-28-2011, 04:11 AM
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South Africa Spent $7.3 Billion in Past Year to Stabilize Rand, Nene Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF80fJ-Dvgb5plxBociBcjn-FPDIA&url=http://www.bloomberg.com/news/2011-03-28/south-africa-spent-7-3-billion-in-past-year-to-stabilize-rand-nene-says.html)
Bloomberg
South Africa spent 50 billion rand in the past year to help stabilize the currency, Deputy Finance Minister Nhlanhla Nene said. The rand is â??vulnerableâ?? because the high volume of trades makes the currency ...

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