Financial Inclusion: Policy fragmentation, dollar dependence stall cross-border payments in Africa
Fragmented policies and a heavy reliance on the US dollar are making cross-border payments in Africa a major headache, hindering financial inclusion and seamless intra-continent transactions.
Bakare Majeed
Premium Times Nigeria · 1h ago · 1 min read
Many cross-border transactions still rely on the US dollar as an intermediary currency. At the same time, African currencies are often difficult to exchange directly, and few mechanisms exist for countries to settle payments with one another in local currencies. The post Financial Inclusion: Policy fragmentation, dollar dependence stall cross-border payments in Africa appeared first on Premium Times Nigeria .
#FinancialInclusion#CrossBorderPayments#AfricanEconomy
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