No evidence of currency manipulation, says Tito Mboweni

In reply to EFF question, finance minister says Competition Commission is investigating a case of price fixing and market allocation in the trading of foreign-currency pairsThe National Treasury and SA Reserve Bank do not have evidence that any bank has taken part in currency manipulation, according to finance minister Tito Mboweni.

In his written reply last week, Mboweni said the Treasury had not investigated such impact, as it and the central bank do"not have any evidence that any bank has taken part in currency manipulation, as indicated in our previous replies to oral questions”. In 2015, the Competition Commission began investigating market manipulation in currency pairs involving the rand by a host of local and international banks, including Bank of America Merrill Lynch, BNP Paribas, JPMorgan Chase, Investec, Standard New York Securities, HSBC, Standard Chartered, Credit Suisse Group, Standard Bank, Nomura, Macquarie, Absa and Barclays.

I though Ramos did admit about currency manipulation nje........by Absa and others

Must we trust him😳😳

I don’t take this serious

tito_mboweni ask girlfriend of Trevor Manuel.

Heee banna die timer maar... 😳😳😳 o kgotse pilchard akere

But Mr Finance sibadala too much for these statements 🤢

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