December1991 – June 15th, 2023
“Why do we trade in dollars? ” The President of Kenya, to applause, called on African countries to abandon the US currency in trade with each other.
“Why is trade between Djibouti and Kenya conducted in dollars? This makes no sense. Let’s pay in US dollars when we trade with the United States. And when we trade with Djibouti, we will use the local currency,” said William Samoi Ruto.
African Export-Import Bank has developed a mechanism that will allow trade on the continent in national currencies.
