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Essay Details:
Essay text:
Conclusion 5
6. References 6
List of figure:
Figure 1: Exchange rate forecast 4
Figure 2: Price of Brent crude oil 4
Figure 3: SA inflation: history and forecasts 5
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Introduction
South Africa and the countries of the world have seen tremendous shifts in exchange control and exchange regimes since the mid 1990’s. Evolving from stringent do-or-die fixed measures of tightly managed floats and soft pegs to more flexible floats and open capital accounts. Developed countries have succeeded in abolishing exchange controls and have set a standard for emerging countries to follow. This study evaluates the relaxation of exchange controls in the South African context...
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