The announcement was made on Monday by South African Reserve Bank (Sarb) Governor Lesetja Kganyago, who also chairs the SADC Committee of Central Bank Governors, alongside Banco Nacional de Angola Governor Manuel Tiago Dias.
The Angolan kwanza has officially been introduced as a settlement currency in the Southern African Development Community's real-time gross settlement (SADC-RTGS) system, marking a major step towards deeper regional financial integration and more efficient cross-border trade.
The announcement was made on Monday by South African Reserve Bank (Sarb) Governor Lesetja Kganyago, who also chairs the SADC Committee of Central Bank Governors, alongside Banco Nacional de Angola Governor Manuel Tiago Dias.
The inclusion of the kwanza is aimed at modernising regional payments and supports the Group of Twenty's (G20) objective of making cross-border payments faster, cheaper and more efficient.
Kganyago said the kwanza’s inclusion supports regional payments modernisation efforts and aligns with the G20’s cross-border payment goals of improving efficiency in cross-border transactions.
