Kawaii Klub

Study Hall - General Discussion => Kagome's General Gossip and Discussion => Topic started by: Senkusha on 05-Aug-2023 (Sat) @ 19:38:22

Title: No More USD in Africa?
Post by: Senkusha on 05-Aug-2023 (Sat) @ 19:38:22
I just saw that the entire content of Africa said no more United States Dollars!

Technology is going to become VERY expensive.
Title: Re: No More USD in Africa?
Post by: ZandraJoi on 29-Nov-2023 (Wed) @ 10:21:21
Quote from: Senkusha on 05-Aug-2023 (Sat) @ 19:38:22I just saw that the entire content of Africa said no more United States Dollars!

Technology is going to become VERY expensive.
"According to media reports earlier this month, the President of Kenya, William Ruto, has called for African leaders to move away from using the USD for intra-Africa trade, and to support the pan-African payments and settlement system, launched in 2022."

They are moving away from USD but will have another payment.
Title: Re: No More USD in Africa?
Post by: Heatman on 18-Dec-2023 (Mon) @ 16:31:43
Unfortunately, it's not going to work in my opinion. If they had backed and supported Muammar Muhammad Abu Minyar al-Gaddafi when he pushed for this years ago when he was alive before he was killed in 2011 by USA and NATO-backed rebel forces, this dream will be very difficult for African countries to actualize it.
Title: Re: No More USD in Africa?
Post by: Senkusha on 18-Dec-2023 (Mon) @ 20:36:44
He was killed by USA and NATO forces?  That sounds awfully convenient... to keep the Dollar as Supreme.
Title: Re: No More USD in Africa?
Post by: ZandraJoi on 20-Dec-2023 (Wed) @ 11:31:18
Quote from: Heatman on 18-Dec-2023 (Mon) @ 16:31:43Unfortunately, it's not going to work in my opinion. If they had backed and supported Muammar Muhammad Abu Minyar al-Gaddafi when he pushed for this years ago when he was alive before he was killed in 2011 by USA and NATO-backed rebel forces, this dream will be very difficult for African countries to actualize it.
How would it change Africa do you think? What are the pros & cons to having USD & NOT having USD there?