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South Africa's rand hits one-week low against dollar JOHANNESBURG: South Africa's rand extended losses against the dollar on Monday, hitting a new one-week low, as a basket of currencies suffered at the hand of a stronger greenback.At 1437 GMT the rand was trading 0.74 percent weaker at 12.1240 to the dollar compared with its closing level on Friday."It's a general risk-off feel to the market and also the dollar strengthened on the day," Rand Merchant Bank trader Jim Bryson said.The dollar index, which measures the greenback against a basket of six major currencies, was up 0.54 percent at 97.817 .The rand flirted with three-week highs in the previous week before capitulating to a firming dollar, as inflation pressures increased with local petrol prices set to rise 14 percent on Wednesday.Government bonds also weakened, and the yield for the 2026 benchmark was up 8 basis points to 7.910 percent.Copyright Reuters, 2015 ...

Ugandan shilling strengthens on dollar inflows from charities KAMPALA: The Ugandan shilling strengthened slightly on Monday, buoyed by slackening dollar demand and inflows of hard currency from non-governmental organisations.At 1005 GMT commercial banks quoted the shilling at 2,965/2,975, stronger than Friday's close of 2,970/2,980.Local NGOs normally get their revenues in hard currency from foreign donors and have to convert them to shillings to meet most of their operational expenses."Some NGOs (non-governmental organisations) have been selling, they normally need shillings around this time to ...
Kenyan shilling weakens on dollar demand, travel warnings to weigh  NAIROBI: Kenya's shilling weakened on Monday as banks bought dollars, while traders said the shilling would remain under pressure due to new travel warnings that could hurt the ailing tourism sector.By 0817 GMT, commercial banks quoted the shilling at 92.30/40 to the dollar against Friday's close of 92.15/25.One trader at a Nairobi-based commercial bank said the shilling lost ground at the start of the trading session as banks bought dollars on the interbank market, to ...
Egyptian pound steady on official, weaker on black market CAIRO: Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Monday, and the domestic currency weakened on the black market.The central bank has kept the official exchange rate steady for more than a month after letting the pound weaken in an attempt to wipe out black-market trading.The bank said it offered $40 million at auction and sold $38.7 million at a cut-off price of 7.5301 ...
South Africa's rand extends losses against dollar, bonds weaker JOHANNESBURG: South Africa's rand extended losses against the dollar early on Monday after a statement by U.S. Federal Reserve Chair Janet Yellen on Friday signalled the bank was on course to raise interest rates later this year, stoking greenback buying.By 0645 GMT the rand had softened 0.28 percent to a week-low of 12.0690 per dollar, remaining above the crucial technical level that is likely to see the unit weaken further towards 2002 lows of 12.6500.The ...
Egyptian pound steady on official, stronger on black market CAIRO: Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Sunday, and the domestic currency strengthened on the black market.The central bank has kept the official exchange rate steady for more than a month after letting the pound weaken in an attempt to wipe out black-market trading.The bank said it offered $40 million at auction and sold $38.7 million at a cut-off price of 7.5301 ...
Kenyan shilling weakens on importer demand, stocks fall NAIROBI: Kenya's shilling weakened on Thursday, undermined by importer demand and the International Monetary Fund's view that the local currency was over valued.The main shares index fell on profit-taking.At close of trade, commercial banks quoted the shilling at 92.00/10 to the dollar, from Wednesday's close of 91.75/85.The IMF country representative told Reuters the shilling was over valued by about 5 to 10 percent to the dollar but demand for imports and other market pressures were ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln