Question NW3326 to the Minister of Economic Development

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22 September 2015 - NW3326

Profile picture: Cardo, Dr MJ

Cardo, Dr MJ to ask the Minister of Economic Development

Has it at any stage since 11 May 2009 been his policy position for a devaluation of the rand by the SA Reserve Bank?

Reply:

Since October 2010, Cabinet has supported a more competitive and stable exchange rate. This does not involve a “devaluation of the rand by the SA Reserve Bank”.

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