Lesetja Kganyago warns ‘pot of gold’ is a fairy tale
GFECRA money can be used, but it means selling underlying assets and printing money to transfer to the treasury, says Reserve Bank governor
26 November 2023 - 00:00
Reserve Bank governor Lesetja Kganyago has warned South Africans against seeing the gold & foreign exchange currency reserve account (GFECRA) — which now stands at nearly R500bn — as a “pot of gold” that would solve their economic woes. ..
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