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The South African rand weakened by the new variant

Yanoom by Yanoom
November 26, 2021
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The South African rand weakened by the new variant
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(AOF) – Friday evening, the South African currency showed a weekly decline of nearly 3% to 0.617 dollar. The rand was penalized by fears of the impact on the economy of the new potentially highly contagious variant detected in South Africa. Several European countries, including France, immediately closed their borders to travelers from southern Africa. This new variant is particularly bad for the country hardest hit on the continent by the pandemic and plunged into a double economic and political crisis.

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