Monday, June 20, 2016
Banks will start issuing the South African rand and seven other currencies on July 1, 2016 and will process Real Time Gross Settlements using that regime from tomorrow (Monday). Other currencies are the Chinese yuan, euro, British pound, Botswana pula, Australian dollar, Indian rupee and Japanese yen, whose use is being promoted to end US dollar cash shortages. The United States dollar remains in circulation, with US$10 million being imported weekly, while plastic money use is being advocated aggressively.
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