S. Africa could have single currency by 2016

A plan to better integrate markets of southern African countries may lead to a single currency managed by a single central bank by 2016.

Tito Mboweni, governor of the South African Reserve Bank, said in an interview preparations for introducing a free trade area in the Southern African Development Community (SADC) have been underway.

Protocols have already been signed and others in the works would bind future governments of 13 SADC states and their central banks to follow through on the program

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.