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Africa to bypass USD, Euro in intra-Africa currency exchange launch

Summary by Cameroon News Agency
By Synthia Lateu The African continent will soon cease using a third-party currency, such as the Dollar or Euro, in currency exchanges, thanks to the launch of a unified capital market known as the Africa Currency Marketplace. Developed by the Pan-African Payments and Settlement System (PAPSS), it will allow parties to exchange local currencies directly without dependency on third parties, offering businesses new borrowing and investment opportu…
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Cameroon News Agency broke the news in on Friday, April 4, 2025.
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