How the rand-dollar exchange rate has affected agriculture
Sep 10, 2021
2 minutes
From January until June of this year, the rand followed a strengthening trajectory against the US dollar (see Graph 1). This was driven by two main factors: the global economic recovery after the COVID-19 lockdowns, and South Africa’s current account surplus.
The former was brought about by governments in developed countries such as the US implementing expansionary monetary policies, which in turn supported
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