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Tag: US dollar
De-dollarization in Africa: could BRICS currencies challenge greenback?
A recent report by Sputnik Africa claiming that the use of the Russian ruble for trade between Russia and Africa has more than doubled since ... Read More
Nine African countries join Afreximbank’s PAPSS platform in push for ‘de-dollarization’
A pan-African payment system that would allow African nations to trade among themselves, using their own currencies, is gaining momentum, as the platform has recently ... Read More
Russia, India to move away from US dollar in their trade exchanges with Africa
Trade exchanges between Russia and Africa should move away from the US dollar and be facilitated by transition to national currencies, Russian President Vladimir Putin ... Read More