AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Pula Slips Against the Dollar, Firms Against the Rand.
Byline: Brian Benza
The pula has slipped by more than 20 percent against the dollar in the past two months as the exchange rate indirectly feels the heat of the global financial crisis.
Two months ago, the pula was trading at just under P7 per dollar, but it has now weakened to as low as P8.7 per dollar, following in the footsteps of the currency of Botswana's biggest trading partner, the South African Rand.
The unfolding global financial crisis, which has seen international credit lines squeezed, has taken a huge toll on the rand as South Africa depends on the international markets for its balance of payments support.
Over the same …
-
- FINANCE AND MARKETS: SOUTH AFRICA - Boost To Rand.
-
News wire article from: Asia Africa Intelligence Wire
May 1, 2003
700+ words
-
- Policy and Practice: FINANCE AND MARKETS: SOUTH AFRICA - The Rand And Business.
-
News wire article from: Asia Africa Intelligence Wire
April 16, 2004
700+ words
-
- Is a Strong Rand Good for South Africa?
-
News wire article from: Asia Africa Intelligence Wire
October 31, 2003
700+ words
-
- Rand's recovery sparks media interest in South Africa.
-
News wire article from: Asia Africa Intelligence Wire
May 9, 2002
700+ words
-
- Ireland supports South Africa with 264 million rands.
-
News wire article from: Asia Africa Intelligence Wire
September 7, 2004
700+ words
