Southern Africa payments hub eyes more currencies to boost trade
A multibillion-dollar cross-border payments platform serving southern Africa plans to expand beyond the South African rand and Angolan kwanza, widening the range of currencies it supports to lower transaction costs and boost trade.
Central banks think the US has become riskier. Plan to sell dollars, buy gold
More central banks plan to cut their dollar holdings than increase them over the next decade for the first time, according to a global survey, reflecting a rise in political risk associated with the US currency.