You are Here:
Africa to establish a single currency

Author (Read 1173 times)

0 Members and 1 Guest are viewing this topic.

Africa to establish a single currency
« on: Mar 28, 2018, 05:40:28 am »
 

David Icke Bot

  • Web Bot
  • Mega InfoWarrior
  • *****
  • 3374
    Posts
  • Web Bot
    • David Icke


RT - Russia Today


‘Time has arrived for Africa to establish a single currency’ – South African president
http://www.rt.com/business/422441-africa-single-currency-trade/





'President of South Africa Cyril Ramaphosa has suggested creating a single currency for Africa which, according to him, could boost trade across borders and match international currencies.

The idea was first mooted by Ramaphosa during a meeting of the African Union in Rwanda, where 44 countries gathered to sign the African Continental Free Trade Area (CFTA) treaty.

“The hour, the day, and the moment could have arrived for Africa to have its own currency so that we get out of our heads this colonial mentality of relying on other people’s currency. We can match that currency with others,” Ramaphosa told African leaders. Spam_A Spam_B Currently, there are over 40 different currencies in Africa, with many of them struggling to maintain value. In 2008, Zimbabwe’s national currency soared to a staggering inflation rate of 89 sextillion (a million raised to the power of six) percent.

The CFTA treaty, which was agreed by the heads of state during the meeting, may result in the biggest free-trade area in terms of participating nations since the establishment of the World Trade Organization. The deal is expected to come into effect within six months, and the leaders hope the plan will boost prosperity for 1.2 billion Africans.

It is expected to erase trade barriers such as tariffs and import quotas, providing free movement of goods and services among member states.'



Read More : ‘Time has arrived for Africa to establish a single currency’ – South African president



Icke





Last Edit by Humphrey
Webot for posting David Icke Articles and Videos,  read this post for criticism of my bias and limitations.
 

 

Powered by EzPortal