Payment and settlements system agreement with COMESA central banks comes into effect

Payment and settlements system agreement with COMESA central banks comes into effect: The regional payment and settlements system agreement between COMESA central banks has come into effect, CBE Foreign Trade Director Yousri Abdel Rahman said yesterday, Al Mal reports. The agreement aims to encourage export/import activities by providing “a single gateway for central banks within the region to effect payment in a multicurrency environment,” according to COMESA.