# Rand falls to R13/$ after Public Protector’s call to change constitution - Moneyweb

> The rand fell more than 1.5% on Monday after the Public Protector recommended constitutional changes that would make economic growth the primary goal of the South African Reserve Bank. Government bond yields rose and the central bank said it was studying the report.

- Date: 2017-06-19 · published 2017-06-19T12:00:00.000Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/70779-rand-falls-to-r13-after-public-protector-s-call-to-change-constitution-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Concern over central bank independence weakens the rand and raises the local cost of imported feed ingredients. The effect on global feed prices is limited.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-falls-to-r13-after-public-protectors-call-to-change-constitution/

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