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Central African Regional Bank Seeks Common Digital Currency

  • Move is Africa’s first common digital currency initiative
  • Nigeria launched digital verson of naira in October last year

The central African regional bank has been urged by its board to introduce a common digital currency for its six member states to modernize payment structures and promote regional financial inclusion.

The board made the call in an emailed statement signed by its head, Herve Ndoba, following a meeting in Cameroon’s economic capital, Douala, this week.