New South African president supports pan-African currency

Cyril Ramaphosa
Cyril Ramaphosa
Government of South Africa

South Africa’s new president has backed the creation of a pan-African currency in the belief that it would align the continent with the rest of the world.

Speaking on a panel at the African Continental Free Trade Area Business Forum in Rwanda on March 20, Cyril Ramaphosa stressed a common currency is needed for investment and intra-African trade to flourish.

“The hour, the day and the moment may have arrived for Africa to have its own currency,” he said.

Ramaphosa added it was time for Africa

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