Browsing: cross border payments

• Intra-African Payment Systems is expected to simplify trade among member states on the platform.
• In West Africa Nigeria, Ghana, Guinea, Gambia, Liberia, and Sierra Leone have joined the Intra-African Payment Systems.
• 3 Countries in East Africa, Kenya, Rwanda, and Djibouti are among the early members of Intra-African Payment Systems.

The push for a single trading platform for African countries is gathering pace after tnike air max 90 futura jordan max aura 4 custom maple leafs jersey dallas cowboys slippers mens blundstone uomo yeezy boost 350 v2 hyperspace custom stitched nfl jersey jordan proto max 720 custom kings jersey dallas cowboys slippers mens penn state jersey deuce vaughn jersey air jordan 1 low flyease luvme human hair wigs sac eastpak he Pan African Payment and Settlement System (PAPSS) enrolled the Central Bank of Tunisia (Banque Centrale de Tunisie) as its thirteenth Central Bank member.

The move is seen as a …

African countries’ attempts to form a common regional currency have proven futile precisely because of all the frameworks of laws that need to be revised and harmonized in the different countries. For example, the eco in West Africa and the shilling in East Africa.

Ghana and Nigeria have even gone ahead to create their central bank digital currencies, indicating their lack of belief in the workability of the eco.

What does this mean? In the next 100 years or more, Africa cannot create a common currency acceptable throughout the continent.…