Modifications in South African exchange rate policies 1998–2001

This article covers the period from 1998 to 2001 when significant changes in South Africa's exchange rate policies were introduced. During this period a more freely floating rand system was adopted, while exchange rate policies were also materially influenced by the attempts to reduce the net open foreign currency position of the South African Reserve Bank. In addition, exchange control measures were resorted to in an effort to support the rand exchange rate.