Africa’s ambition to reduce reliance on the US dollar for cross-border trade is still far from bearing fruit, but more ...

The creation of a BRICS currency will be one of the main topics up for discussion when the group of five emerging nations – Brazil, Russia, India, China and South Africa -- meet in Johannesburg ...

South Africa’s central bank chief said adopting a region-wide common currency was a political project, and then spelled out exactly why it would probably never happen. “What do you need to ...

What the African economies need is a resumption of investment that would directly ease the hard-currency shortage and–if correctly targeted–allow the countries to increase their output of ...

Policy coordination can help. Fiscal consolidation has a role to play in countries where policy is too loose, as can a combination of rate increases and currency depreciation. Given sub-Saharan Africa ...

The goal of a single African currency has long been seen as a pillar of African unity, a symbol of integration and a precursor to an area in which the free movement of goods, persons, services and ...

In many parts of the world, including Africa, seashells served as a widely accepted form of currency for centuries, especially as the barter system proved insufficient for more complex economies.