Awake-in-3D: PAPSS Payment System and AfreximBank Paving Way to Pan-African De-Dollarized Sovereignty

PAPSS Payment System and AfreximBank Paving Way to Pan-African De-Dollarized Sovereignty On July 19, 2023 By Awake-In-3D In a transformative effort, Africa’s financial landscape is undergoing a revolutionary shift, spearheaded by the African Import-Export Bank (AfreximBank) and its groundbreaking Pan-African Payment and Settlement System (PAPSS). This visionary initiative is rapidly propelling the entire African continent away from its historical reliance on US dollars and towards a future where local African currencies take center stage in intra-continental payments and capital investments. More than just a financial system upgrade, PAPSS and AfreximBank are playing a crucial role in aligning Africa with the…