The South African rand strengthened on Friday after a global financial crime watchdog removed the country from its list of nations subject to increased monitoring.
The rand traded at 17.25 against the dollar, about 0.5% stronger than its closing value on Thursday.
Analysts noted that South Africa’s removal from the Financial Action Task Force’s “grey list” enhances the country’s reputation and financial system.
They also mentioned that being off the grey list should facilitate and lower the costs for South African banks and…
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Essex
Why’d the blonde math major only apply to colleges in South Africa? She wanted to attend a party school where she couldn’t fail at integrating.
Highlander Monk
Domkop – idiot [dom-kop] Similar to the German “dummkopf” or Dutch “domkop”, this term literally translates to “dumb head” and is a derogatory term used to describe someone who you think is stupid.Example: “Ag! You domkop! You broke my cell phone!”