EDITORIAL: Focus on African trade not Brics currency dreams
Plans that jeopardise trade should be shelved
06 July 2023 - 05:00
Amid all the hype about a Brics currency to dent the dollar’s dominance, our central bank has injected a welcome note of practicality and reminded us of our priorities.
Calls for emerging markets to reduce their reliance on the dollar have escalated since Russia invaded Ukraine, prompting the US to freeze hundreds of billions of dollars of Russian foreign exchange reserves...
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