US Tariff Risks Spur African Shift From Dollar, Ecobank Says

US Tariff Risks Spur African Shift From Dollar, Ecobank Says

Volatile US tariff policy is accelerating efforts in Africa to reduce reliance on the dollar in trade settlements, with companies exploring greater use of China’s renminbi and local currencies, the head of pan-African lender Ecobank Transnational Inc. said.

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