South Africa is in full support of establishing a single African currency backed by the continental central bank and monetary institute. According to International Relations and Cooperation Minister Naledi Pandor, the establishment of the African Union's (AU) African Central Bank (ACB), African Investment Bank (AIB) and the African Monetary Institute (AMI) are considered critical to facilitate a single currency and boost the intra-Africa trade.
SA wants single African currency to boost intra-continental trade polity.org.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from polity.org.za Daily Mail and Mail on Sunday newspapers.
President Nana Addo Dankwa Akufo-Addo has called on member states of the African Union (AU) to work collectively to reform the global financial architecture, build and strengthen the union’s financial institutions.