In respect of forex derivatives involving rupee, residents have access to foreign exchange forward contracts, foreign currency-rupee swap instruments and currency options – both cross currency as well as foreign currency-rupee. In the case of derivatives involving only foreign currency, a range of products such as IRS, FRAs, option are allowed.
To conclude, I would like to thank my colleagues at the South African Mint for their expertise and their ability to rally all South Africans, which is evident on the SA25 range. I would also like to express my gratitude to the young South Africans who contributed ideas; I am humbled by their understanding of the Bill of Rights.