USD to Improve SADC Payment System

Friday, April 27, 2018

The introduction of the United States dollar as a trading currency on the southern African regional payment system is expected to improve the settlement of transactions among banks within the region. According to the Southern African Development Community (Sadc) Secretariat, the US dollar is expected to be added as a trading currency by October, while other currencies including SADC currencies will be considered as the payment system progresses. Read full article


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