South African rand falls more than 10 percent, hits 2-year low vs dollar

TOKYO, Aug 13 (Reuters) – The South African rand fell more than 10 percent versus the U.S. dollar on Monday to hit its lowest levels since June 2016, as massive falls in the Turkish lira spread to other emerging market currencies.

The rand fell to as low as 15.70 rand per dollar, down more than 10 percent from late last week.

Reporting by Daniel Leussink and Hideyuki Sano

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