Plenderleith: Something normal from South Africa

In the speech 'Always something normal from South Africa' given on 17 August Ian Plenderleith of the South African Reserve Bank said we can, and will, continue gradually to build up our official foreign exchange reserves to a respectable level in an orderly fashion in accordance with our balance sheet whenever circumstances allow us to do this.

"This will bring benefits, as I have indicated, in terms of lessening rand volatility and strengthening our international credit standing. The scale of

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