Independent on Saturday

Does foreign exchange manipulation affect citizens?

The South African economy is a relatively open economy. The table indicates the values for one month that was potentially involved in the conspiracy. This makes for a combined value of close to R2 trillion, and that is for a single year. The years under investigation span over seven years.

We are looking at potentially R14 trillion. It is mind-boggling that one of our most trusted institutional sectors, namely the banks, may have been involved in such a backstabbing conspiracy in breach of their trust obligations to clients and allegiance to our country.

The table illustrates the enormous amounts involved. These are big numbers, and it is exactly what

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