Southern African countries consider joining SADC-RTGS
Mauritius, Tanzania, Zambia and Zimbabwe could onboard their currencies
The Southern African Development Community (SADC) is looking to expand the number of currencies in its real-time gross settlement system (RTGS) as part of efforts to enhance regional financial integration and reduce dependence on currencies from outside the bloc.
A spokesperson for the South Africa Reserve Bank (Sarb), which operates the SADC-RTGS, tells Central Banking that Mauritius, Tanzania, Zambia and Zimbabwe are considering onboarding their currencies, potentially by the end of 2027. The
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