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Too early for ACB
Tito warns of African ‘laughing stock’
Reserve Bank governor Tito Mboweni said yesterday that African leaders risked reducing themselves to “a laughing stock” if they pressed ahead with plans for an African central bank (ACB) and a common currency for the continent — against the advice of technocrats. He warned that the idea was bound to flounder like other failed grand African plans.
Reserve Bank governor Tito Mboweni said yesterday that African leaders risked reducing themselves to “a laughing stock” if they pressed ahead with plans for an African central bank (ACB) and a common currency for the continent — against the advice of technocrats. He warned that the idea was bound to flounder like other failed grand African plans.