# South African rand, dollar bonds jump after budget | MarketScreener

> The rand and international dollar bonds rose after the 2024 budget said the government would draw R150 billion from the Gold and Foreign Exchange Contingency Reserve Account to limit borrowing. The rand traded at 18.825 per dollar, about 0.5% stronger.

- Date: 2024-02-21 · published 2024-02-21T12:00:00.000Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/31949-south-african-rand-dollar-bonds-jump-after-budget-marketscreener
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Reduced borrowing eases pressure on South African assets, a modest support for the rand that slightly lowers local import costs for feed.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- marketscreener.com: https://www.marketscreener.com/quote/index/DOW-JONES-AFRICA-TITANS-5-3966403/news/South-African-rand-dollar-bonds-jump-after-budget-45995016/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.