People of the South

AFRICAN countries are trying to shoot the United States (US) dollar away, even if it means threatening to throw people who use greenbacks in jail.

• Zambia has banned dollar-denominated transactions and has threatened offenders with prison time.
• Starting next year, Angola will require oil and gas companies to pay tax revenue and local contracts in kwanza, its currency, rather than dollars.
• Mozambique wants companies to exchange half of their export earnings for meticais, hoping to pull more of the wealth in vast coal and natural gas deposits into the domestic economy.

(Source: times.co.zm)