The rand is now positioned as one of only 15 settlement currencies in the CLS mechanism. CLS is a world-wide industry initiative to reduce the risks associated with foreign exchange transactions by settling the two legs of a foreign exchange transaction simultaneously.
In Greece the current account balance improved from –14.9% of GDP in 2008 to +0.7% in 2013; the primary public balance (that is the public balance excluding interest) is expected to move from a deficit of 10.5% of GDP in 2009 to a primary surplus in 2014.