Rand Falls After Central Bank Plans Important Announcement
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South Africa’s rand extended a decline after the central bank said Governor Gill Marcus will make an announcement “of national importance” with President Jacob Zuma and Finance Minister Pravin Gordhan tomorrow.
A press conference will be held at the head office of the South African Reserve Bank in Pretoria at 3 p.m. local time, the central bank said in a statement on its website, without giving further details. Spokesmen for the central bank, National Treasury and Presidency declined to comment when called today.