South Africa’s central bank announced a raft of emergency liquidity measures on Friday to ease the stress on banks caused by the coronavirus outbreak.

The move follows a 100 basis point cut by the South African Reserve Bank (SARB)to its main lending rate on Thursday to help the flagging economy and comes amid severe liquidity strains in funding markets.

Central banks the world over have been slashing interest rates and pumping trillions of dollars into the financial system, helping trigger a 1% recovery in global stock markets on Friday and causing the dollar to come off its highs against other currencies.
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https://acrosstheweb.com.ng/2020/03/20/dollar-exchanges-for-n374/

sai baba go slow!