#foreign currency

The Federal Government of Nigeria has announced a proposal for a pan-African payment card aimed at facilitating direct transactions between African currencies. This initiative seeks to reduce reliance on foreign currencies like the U.S. dollar, thereby lowering transaction costs and enhancing intra-African trade.

Julius Malema has called for the impeachment committee to employ an investigator and a foreign currency expert to provide technical advice regarding financial transactions, cross-border fund flows, and regulatory matters related to the Phala Phala theft case. This request aims to ensure thorough examination of the issues involved.