Mthuli Ncube ‘liberalises’ exchange rate system

AdvertisementsFINANCE minister Mthuli Ncube has announced “a managed and floating exchange rate” as well as immediate introduction of a Reuters electronic trading, in a bid to shore up the floundering local currency and arrest runaway inflation.Advertisements But by end of the day yesterday, the official interbank market rate — which has partly been controlled by…

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