Africa and the Caribbean are exploring the development of a digital currency to deepen trade ties between the two regions.

Africa's push for local currency payments systems - once little more than an aspiration - is finally making concrete gains, ...

Africa expands use of local currency payment systems like PAPSS to reduce reliance on the US dollar for intra-continental ...

Thanks to these reforms and to Dji- bouti’s economic performance, the sec- tor has grown from two banks in 2006 to 12 today ...

In early June 2025, the cedi, Ghana’s currency, was recognized as Africa’s best-performing currency. However, its reign was ...

The Pan-African Payment and Settlement System, which allows faster payments and improved trade flows in local currencies, is ...

Sub-Saharan Africa, in particular, remained a primarily cash economy, due to factors including limited infrastructure and ...

Local-currency payments systems promise cheaper trade, but Trump is determined to preserve the dollar's dominance.

The move by Africa to create payments systems that do not rely on the greenback mirrors a push by China to develop financial ...