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1. The Common Monetary Area South Africa, Namibia, Lesotho, and Swaziland all use the South African rand. 1. What are the three traditional criteria for

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1. The Common Monetary Area South Africa, Namibia, Lesotho, and Swaziland all use the South African rand. 1. What are the three traditional criteria for an optimal currency area? The three traditional criteria for an optimal currency area are: Coordinated shocks, Fiscal integration and Labor mobility

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