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| Above:South African flag Below:South African Currency |
The South African currency which has been going high up against dollars has increased to it highest since it began gaining more value against American dollar.
Amid the corona virus pandemic, South africa rands has continued to strive up against dollars.the currency was at it strongest on March 27th 2020.
At 0605 GMT the rand traded 17.4700 per dollar ,going up than it former value, 0.91%.
South Africa president, Cyril Ramaphosa announced on Sunday further easing of from June 1,allowing it vast majority of the country's economy to return to it full capacity.
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| Image Credit:Reuters South african rands and American dollars |
Bianca Bank notes said in a statement,telling Reuters that
"The optimistic recovery narrative is holding up within markets ,keeping the dollar subdued and seeing the rands remain on a stable footing following last week's rally.
"While there are looming geographical risks, it seems as though markets are only pushing them into the back burner and will continue to do so until there is a new escalation or increased threat".
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