# The Southern African Development Community is committed to making cross-border transactions cheaper and faster. The Angolan kwanza has become the second settlement currency on a regional payment system that had operated exclusively in rand for 13-years, mainly to leverage South Africa’s advanced financial infrastructure. Botswana and Mozambique are next in line to join the system. South African Reserve Bank Governor, Lesetja Kganyago, says it’s an important milestone for regional financial integration:
SADC is moving beyond a rand-only regional payment system [SOUND]
ENG KganyagoOnAngolankwanza