Africa's COMESA Launches Payment Platform to Reduce Dependence on US Dollar | Firstpost Africa скачать в хорошем качестве

Africa's COMESA Launches Payment Platform to Reduce Dependence on US Dollar | Firstpost Africa

African nations have found a way to trade in local currencies, which would reduce their dependency on the US dollar. The Common Market for Eastern and Southern Africa (COMESA) bloc has launched a digital payments system. The platform would allow the member nations of the economic group to settle cross-border payments in local currencies, eliminating the need to convert them into American dollars.  The group said that the new platform, called the Digital Retail Payments Platform, is starting trials between Malawi and Zambia. Kenya's trade minister took to social media to hail the platform as a "game-changer", adding that the initiative seeks to assist medium, small and micro enterprises and reduce the cost of transactions. --- Africa Trade | Local Currencies | US Dollar | COMESA | Digital Payments Platform | Firstpost Africa | Alyson Le Grange | Africa | Global South | Geopolitics | Military Coup | Environment | Climate Change | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News #africatradenews #usdollar #comesa #digitalpaymentsplatform #digitaltransactions #firstpostafrica #africa #alysonlegrange #globalsouth #militarycoup #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel. Subscribe to Firstpost channel and press the bell icon to get notified when we go live.    / @firstpost   Follow Firstpost on Instagram:   / firstpost   Follow Firstpost on Facebook:   / firstpostin   Follow Firstpost on X:   / firstpost   Follow Firstpost on WhatsApp: https://www.whatsapp.com/channel/0029...