South Africa’s Central Bank governor says single Africa currency is "impossible"
South Africa’s Central Bank governor Lesetja Kganyago has stated that adopting an African currency is unlikely to succeed as it is difficult to attain ‘macroeconomic convergence’. Kganyago said it would require similar levels of inflation, debt, consistent fiscal policies and banking rules among nations on the continent. “Absent those, it’s impossible,” he said.
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