CIPS in Africa Signals Corridor-by-Corridor Shift Away from Dollar Settlement
The source reports that Standard Bank has linked directly to China’s CIPS, enabling Africa–China trade settlement in renminbi without USD intermediation, alongside similar moves by Brazil and expanded local-currency trade among BRICS partners. Analysts cited argue the USD faces no imminent replacement, but diversification incentives and alternative payment infrastructure are expanding, increasing the risk of a more fragmented global settlement landscape.