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International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn says that South Africa"s inflation targeting policy may have led to a stronger rand. He warned against an attempt to devalue the currency. Strauss-Kahn says that the government has implemented the right policies to mitigate the impact of the global economic crisis. He was speaking during a lecture at Johannesburg"s Wits University. The rand strengthened 28% against the dollar last year, the second-best performer of 16 major currencies tr. . . |
