South Africa forms forex committee to promote transparency in market | News by Country

JOHANNESBURG, March 13 (Reuters) – South Africa has established a foreign exchange committee to promote fairness and transparency in the foreign exchange market as well as adherence to global best practice, the central bank said on Tuesday.

The South African Foreign Exchange Committee (SAFXC) would consist of key professionals and associations such as dealers, the banking association and representatives of the Financial Services Board, the bank said in a statement.

“The SAFXC seeks to…


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