Rand is overvalued-IMF

Friday, September 24, 2010

The International Monetary Fund (IMF) has acknowledged in a new report that South Africa's real exchange rate could be between 5% and 15% overvalued.

But it also asserts that the size of the currency market and the dominance of nonresidents in that market will limit the government's ability to influence the level of the rand.

In its '2010 Article IV Staff Report', the IMF highlights that nonresidents account for nearly 75% of the daily turnover of $10- to $12-billion in the South African foreign exchange market - daily trade in all currencies has been estimated at close to $4-trillion.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

The Projects Magazine today launched The Future of Mining Summit, set to become the country’s premier mining conference. The event is scheduled for 12th and 13th of June 2024, at Boipuso Hall, Fairgrounds in Gaborone.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

Staff Writer | 10 h ago

MISA Botswana celebrates World Press Freedom day

Staff Writer | 11 h ago

Unlawful wounding turns to murder

Sharon Mathala | 11 h ago

Mahalapye suspected copper cable thief nabbed

Pini Bothoko | 11 h ago

TAFIC targets top four finish

Larona Makhaiza | 15 h ago

Selefu

15 h ago

Selefu

15 h ago

Repatriation underway for seven SA Pilgrims

Boikanyo Mathonsi | 1d ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Rand is overvalued-IMF

The International Monetary Fund (IMF) has acknowledged in a new report that South Africa's real exchange rate could be between 5% and 15% overvalued.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply