the South African rand fell off the auction of Tuesday almost for 4% - to 14,38 for dollar after news that inistr finance South Africa Pravin Gordan will be made responsible in connection with charges of fraud. Charges Gordana were brought to p by
in connection with estimated offenses in its stay by the head of department on taxation of the South African service on taxes and fees.
byof Information company "Bloomberg" were called by the South African rand along with Russian ruble the most attractive currency of the last month. Against falling of rates lower than zero on bonds on $12 trillion investors actively use strategy a kerri-trade. Converting of dollars in rubles and rands brings to investors profitability around 4,6% is the best result for similar transactions in the world.
However, according to analysts of J.P.Morgan Chase & Co %26 Co. and Morgan Stanley, high appeal of ruble conceals danger. Mass buying up of the Russian currency can turn back the same mass refusal of investors of ruble if prices of oil fall lower than 40 dollars for barrel. Implementation of the similar scenario will inevitably lead to a ruble collapse.