Rand Stadium Rand Stadium The Rand Stadium is a stadium in Rosettenville, a suburb of Johannesburg, South Africa. It was set to be utilized as a training field for teams participating in the 2010 FIFA World Cup after being completely rebuilt and reopened in August 2008. Despite the relatively small capacity, it is regarded as one of the best playing surfaces in the country. Rand Stadium was constructed between 1949 and 1951 at a cost of £60,000 with a capacity of 15,000. Over time extensive renovations have been carried out, the first between 1964 and 1965 in which facilities were added and
Currency substitution currency will be satisfied in the holding of foreign currency assets abroad and outside the domestic banking system. This demand often puts pressure on the parallel market of foreign currency and on the country's international reserves. Evidence for this pattern is given in the absence of currency substitution during the pre-reform period in most transition economies, because of constricted controls on foreign exchange and the banking system. In contrary, by facilitating the domestic holding of foreign currency, a country might mitigate the shift of assets abroad and strengthen its external reserves in exchange for a currency substitution process. However, the