Common Monetary Area: Technical Assistance Report-Project Sunbird and Cross-Border Payments with CBDC - International Monetary Fund | IMF
Common Monetary Area: Technical Assistance Report-Project Sunbird and Cross-Border Payments with CBDC - International Monetary Fund | IMF
Source: International Monetary Fund | IMF
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DW NOTE
The IMF is advising the Common Monetary Area — South Africa, Lesotho, Namibia, Eswatini — on cross-border CBDC architecture. That's four countries with a combined GDP smaller than Illinois, negotiating interoperability standards for currencies that don't yet exist. Meanwhile the rand has lost 18% against the dollar since 2024 and South Africa's debt service costs now exceed its education budget. Digital rails won't fix that.