dedolarization

Kenyan president urges Africans to join de-dollarization

Kenyan president urges Africans to join de-dollarization

Kenya has asked African countries to start trading in their own currency when doing business with each other and exchanging services.  Kenyan President William Ruto, who headed to Djibouti for the IGAD summit, called for Africa's dependence on the dollar to end. “Why do we buy goods from Djibouti and pay in dollars? why?  "There is no reason," said President Ruto, adding that neither Djibouti nor Kenya need to use the US dollar when doing business with each other. “We are not against the US dollar, "But because we want to trade freely," he said about the importance of the…
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