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Time to Build a New Global Financial System — Trade in Local Currencies, SA Deputy President Says
Time to Build a New Global Financial System — Trade in Local Currencies, SA Deputy President Says
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Time to Build a New Global Financial System — Trade in Local Currencies, SA Deputy President Says 23.06.2025, Sputnik Africa
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Time to Build a New Global Financial System — Trade in Local Currencies, SA Deputy President SaysThat's why South Africa's central bank is exploring ways to design "a different architecture" that would enable trade with BRICS partners in local currencies, the deputy president explained.
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Time to Build a New Global Financial System — Trade in Local Currencies, SA Deputy President Says
Sputnik Africa
Time to Build a New Global Financial System — Trade in Local Currencies, SA Deputy President Says
2025-06-23T16:01+0200
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Time to Build a New Global Financial System — Trade in Local Currencies, SA Deputy President Says
"We don't need dollars to trade with Russia. So, it is important that we must develop our local currencies to be able to operate in the system that will allow us to trade with one another," Paul Mashatile told Sputnik Africa.
That's why South Africa's central bank is exploring ways to design "a different architecture" that would enable trade with BRICS partners in local currencies, the deputy president explained.
