One other important consideration, which in recent times has become a source of deep concern, is the stability in the value of the rand. South Africa has in recent years experienced rapid deterioration of the rand: the Namibia dollar has depreciated in tandem with the rand, particularly during the financial crisis that engulfed South Africa in the early part of 1998.
Juyeol Lee: Opening address - 2018 Bank of Korea International Conference Speech by Mr Juyeol Lee, Governor of the Bank of Korea, at the 2018 Bank of Korea International Conference, Seoul, 4 June 2018. * * * Ladies and gentlemen, It is a pleasure for me to bid a warm welcome to you all, to the 2018 Bank of Korea International Conference.