{"id":10902,"date":"2012-05-30T22:24:22","date_gmt":"2012-05-30T20:24:22","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/safricas-marcus-managing-fx-rate-not-good-use-of-reserves\/"},"modified":"2012-05-30T22:24:22","modified_gmt":"2012-05-30T20:24:22","slug":"safricas-marcus-managing-fx-rate-not-good-use-of-reserves","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/safricas-marcus-managing-fx-rate-not-good-use-of-reserves\/","title":{"rendered":"SAfrica&#8217;s Marcus: managing FX rate not good use of reserves"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> May 30 (Reuters) &#8211; South Africa&#8217;s Reserve Bank<br \/>\nwill not use reserves to try and manage the exchange rate as<br \/>\nthis would not be good use of the money, Governor Gill Marcus<br \/>\nreiterated on Wednesday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>&#8220;If you take that path, you&#8217;ve got to have very deep<br \/>\npockets. We don&#8217;t think it is good use of our money, it is very<br \/>\nexpensive,&#8221; Marcus told a forum.<\/p>\n<p><span><\/span><\/p>\n<p>The rand lost as much as 2.5 percent against the<br \/>\ndollar on Thursday to a six-month low of 8.5250, hit by risk<br \/>\naversion over the euro zone crisis.\t<\/p>\n<p> (Reporting by Stella Mapenzauswa and Tshepo Tshabalala)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG May 30 (Reuters) &#8211; South Africa&#8217;s Reserve Bank will not use reserves to try and manage the exchange rate as this would not be good use of the money, Governor Gill Marcus reiterated on Wednesday. &#8220;If you take that path, you&#8217;ve got to have very deep pockets. We don&#8217;t think it is good use [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10902","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10902"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10902\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}