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Cryptopolitan 2023-05-14 11:03:58

US accusations ignite currency chaos: South Africa’s Rand plummets amid explosive Russian arms scandal

The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12, after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. The rand’s depreciation by over 5% in just one week and more than 12% since the start of ... Read more

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