Enabling cross-border payments in local currencies

Africa’s new online foreign exchange system
Development economist Christopher Adam, who has studied the exchange rate policies of African countries, answers some key questions of The Conversation about the Pan-African Payment and Settlement System.
  • 9 Month Ago - 2023-11-29 00:00:00
The high cost of making cross border payments on the African continent has driven governments on the continent to seek options of settling trade and other transactions in local cur
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Namibian Sun 2024-09-18

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Premier League: Wolves 1 vs 2 Newcastle | Tottenham Hotspur 0 vs 1 Arsenal LaLiga: Mallorca 1 vs 0 Real Sociedad | Rayo Vallecano 3 vs 1 Osasuna | Atletico Madrid 3 vs 0 Valencia | Las Palmas 2 vs 3 Athletic Club | Girona 1 vs 4 Barcelona | Celta Vigo 3 vs 1 Real Valladolid SerieA: SS Lazio 2 vs 1 Hellas Verona | Parma 2 vs 3 Udinese | Monza 1 vs 1 Inter Milan | Cagliari 0 vs 4 Napoli | Torino 0 vs 0 Lecce | Atalanta 3 vs 2 Fiorentina | Genoa 1 vs 1 AS Roma European Championships Qualifying: Portsmouth 0 vs 3 West Bromwich Albion English Championship: Portsmouth 0 vs 3 West Bromwich Albion Katima Mulilo: 21° | 41° Rundu: 20° | 40° Eenhana: 17° | 37° Oshakati: 17° | 36° Ruacana: 18° | 37° Tsumeb: 24° | 35° Otjiwarongo: 16° | 33° Omaruru: 14° | 33° Windhoek: 14° | 30° Gobabis: 13° | 32° Henties Bay: 11° | 15° Wind speed: 25km/h, Wind direction: S, Low tide: 02:54, High tide: 09:31, Low Tide: 16:02, High tide: 22:24 Swakopmund: 11° | 13° Wind speed: 29km/h, Wind direction: SW, Low tide: 02:52, High tide: 09:29, Low Tide: 16:00, High tide: 22:22 Walvis Bay: 9° | 18° Wind speed: 34km/h, Wind direction: SW, Low tide: 02:52, High tide: 09:28, Low Tide: 16:00, High tide: 22:21 Rehoboth: 9° | 28° Mariental: 11° | 26° Keetmanshoop: 8° | 24° Aranos: 9° | 27° Lüderitz: 11° | 26° Ariamsvlei: 8° | 22° Oranjemund: 10° | 19° Luanda: 21° | 22° Gaborone: 18° | 34° Lubumbashi: 18° | 37° Mbabane: 11° | 27° Maseru: 8° | 19° Antananarivo: 12° | 30° Lilongwe: 20° | 32° Maputo: 19° | 29° Windhoek: 14° | 30° Cape Town: 11° | 15° Durban: 14° | 19° Johannesburg: 17° | 27° Dar es Salaam: 23° | 29° Lusaka: 22° | 36° Harare: 19° | 33° Currency: GBP to NAD 23.17 | EUR to NAD 19.61 | CNY to NAD 2.48 | USD to NAD 17.64 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.21 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 131.99 | USD to AOA 926.34 | USD to BWP 13.22 | USD to EGP 48.35 | USD to KES 128.48 | USD to NGN 1647.13 | USD to ZAR 17.58 | USD to ZMW 26.49 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1813.99 Up +1.46% | Casablanca Stock Exchange (CSE) MASI 13998.92 Up +0.82% | Egyptian Exchange (EGX) 30 Index 30159.15 Down -0.33% | Botswana Stock Exchange (BSE) DCI 9625.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 575.69/OZ UP +0.06% | Copper US$ 4.22/lb DOWN -0.0071 | Zinc US$ 2 893.30/T DOWN -1.32% | Brent Crude Oil US$ 73.51/BBP DOWN -0.0059 | Platinum US$ 978.37/OZ DOWN -0.0022 Sport results: Premier League: Wolves 1 vs 2 Newcastle | Tottenham Hotspur 0 vs 1 Arsenal LaLiga: Mallorca 1 vs 0 Real Sociedad | Rayo Vallecano 3 vs 1 Osasuna | Atletico Madrid 3 vs 0 Valencia | Las Palmas 2 vs 3 Athletic Club | Girona 1 vs 4 Barcelona | Celta Vigo 3 vs 1 Real Valladolid SerieA: SS Lazio 2 vs 1 Hellas Verona | Parma 2 vs 3 Udinese | Monza 1 vs 1 Inter Milan | Cagliari 0 vs 4 Napoli | Torino 0 vs 0 Lecce | Atalanta 3 vs 2 Fiorentina | Genoa 1 vs 1 AS Roma European Championships Qualifying: Portsmouth 0 vs 3 West Bromwich Albion English Championship: Portsmouth 0 vs 3 West Bromwich Albion Weather: Katima Mulilo: 21° | 41° Rundu: 20° | 40° Eenhana: 17° | 37° Oshakati: 17° | 36° Ruacana: 18° | 37° Tsumeb: 24° | 35° Otjiwarongo: 16° | 33° Omaruru: 14° | 33° Windhoek: 14° | 30° Gobabis: 13° | 32° Henties Bay: 11° | 15° Wind speed: 25km/h, Wind direction: S, Low tide: 02:54, High tide: 09:31, Low Tide: 16:02, High tide: 22:24 Swakopmund: 11° | 13° Wind speed: 29km/h, Wind direction: SW, Low tide: 02:52, High tide: 09:29, Low Tide: 16:00, High tide: 22:22 Walvis Bay: 9° | 18° Wind speed: 34km/h, Wind direction: SW, Low tide: 02:52, High tide: 09:28, Low Tide: 16:00, High tide: 22:21 Rehoboth: 9° | 28° Mariental: 11° | 26° Keetmanshoop: 8° | 24° Aranos: 9° | 27° Lüderitz: 11° | 26° Ariamsvlei: 8° | 22° Oranjemund: 10° | 19° Luanda: 21° | 22° Gaborone: 18° | 34° Lubumbashi: 18° | 37° Mbabane: 11° | 27° Maseru: 8° | 19° Antananarivo: 12° | 30° Lilongwe: 20° | 32° Maputo: 19° | 29° Windhoek: 14° | 30° Cape Town: 11° | 15° Durban: 14° | 19° Johannesburg: 17° | 27° Dar es Salaam: 23° | 29° Lusaka: 22° | 36° Harare: 19° | 33° Economic Indicators: Currency: GBP to NAD 23.17 | EUR to NAD 19.61 | CNY to NAD 2.48 | USD to NAD 17.64 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.21 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 131.99 | USD to AOA 926.34 | USD to BWP 13.22 | USD to EGP 48.35 | USD to KES 128.48 | USD to NGN 1647.13 | USD to ZAR 17.58 | USD to ZMW 26.49 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1813.99 Up +1.46% | Casablanca Stock Exchange (CSE) MASI 13998.92 Up +0.82% | Egyptian Exchange (EGX) 30 Index 30159.15 Down -0.33% | Botswana Stock Exchange (BSE) DCI 9625.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 575.69/OZ UP +0.06% | Copper US$ 4.22/lb DOWN -0.0071 | Zinc US$ 2 893.30/T DOWN -1.32% | Brent Crude Oil US$ 73.51/BBP DOWN -0.0059 | Platinum US$ 978.37/OZ DOWN -0.0022


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