- Published on 06 November 2017
Premiums on the US$ have risen to 70% on the back of increased demand from companies sourcing foreign currency from the parallel market.
The report also says people are starting to use bond notes to purchase the South African rand, which has a premium of between 15% and 25%. Ecocash now attracts a premium of 25% to purchase cash while in some areas some of the rates can go as high as 60%. (The Standard)